Q: When are property taxes due in Yamhill County for FY 2024-2025?
A: Property taxes are due in three equal installments: November 15, February 15, and May 15. Any unpaid taxes after May 16 are considered delinquent. Note that no statement is mailed for the 2nd and 3rd installments.
Q: What tax credits are available and do they require application?
A: Several tax credits are available including Senior/Disabled Person Tax Credit, Homestead Property Tax Credit, and Veterans' Disability Credit. ALL credits require annual application by April 1st of the assessment year. Credits reduce your tax bill dollar-for-dollar, unlike exemptions which reduce assessed value.
Q: How does the Homestead Property Tax Credit work?
A: The Homestead Credit limits the increase in your assessed value to a maximum percentage each year (typically 10%), but it does NOT reduce your property's market value. You must file an application by April 1st each year to maintain this credit. It only applies to your primary residence.
Q: How often are properties reassessed in Yamhill County?
A: Properties are assessed annually as of January 1st each year. The County Assessor reviews market sales and other factors to determine real market value. Property owners who disagree with their assessment can appeal by April 15th following the assessment.
Q: What are the penalties for late property tax payments?
A: Interest accrues on unpaid taxes at a rate set by state law (typically 1.33% per month). Additional penalties may apply for taxes that remain delinquent beyond May 16th. Properties with three years of unpaid taxes may be subject to tax foreclosure.
Q: Can I pay my property taxes online?
A: Yes, Yamhill County offers online payment options through their website. You can also pay by mail, phone, or in person at the Tax Office located at 535 NE 5th St, Room 42, McMinnville, OR 97128.
Q: How do special district taxes affect my bill?
A: Special districts provide services like fire protection, water, sewer, libraries, and parks. Each district adds its own tax rate to your bill. Your total rate depends on which districts serve your specific address - this can vary even within the same neighborhood.
Q: What triggers a supplemental tax bill?
A: Supplemental taxes are issued when property changes ownership, new construction is completed, or major improvements increase assessed value during the tax year. The supplemental bill covers the value difference for the remaining months of the current tax year.
Q: Where can I get help with property tax questions?
A: Contact Yamhill County Assessment and Taxation at (503) 434-7501 or visit their office at 535 NE 5th St, Room 42, McMinnville, OR 97128. For exemptions and credits, contact the County Assessor's office. Office hours and holiday closures (like Presidents' Day on February 16) may affect availability.
