Property Tax in Oregon (2026): Rates, Exemptions, and Real Numbers

Oregon Property Tax Rates by County

Highest and lowest effective rates within Oregon

Property Tax Calculator — Oregon

Pre-loaded with Oregon's 0.82% effective rate and $459,858 median price

Property Tax by City in Oregon

Annual and monthly property tax by city, based on local median prices and the statewide effective rate

Oregon Homestead Exemption

How Oregon Assesses Property Values

Assessment cycle: Annual — real market value reassessed each year, but taxable assessed value capped at 3% annual increase under Measure 50.

Property Tax's Impact on Your True Monthly Cost

On a $459,858 home in Oregon

Property tax represents 9% of the true monthly cost in Oregon.

Mortgage Calculator Including Property Tax — Oregon

See your full PITI (principal, interest, taxes, insurance) payment

How Oregon's Property Tax Affects Affordability

$314/month in property tax reduces the home price you can afford. Use the affordability calculator to see the real impact.

Property Tax After Refinancing in Oregon

Refinancing changes your P&I but not your property tax. If your home was reassessed at a higher value, your tax bill increases regardless of your rate.

Frequently Asked Questions

What is the property tax rate in Oregon?

Oregon's effective property tax rate is 0.82%, ranking #30 nationally. The median annual property tax bill is $3,771 ($314/month). Rates range from 0.56% in Harney County to 1.07% in Multnomah County (Portland). Source: Tax Foundation Property Taxes by State 2024.

Does Oregon have a homestead exemption?

Oregon does not have a statewide homestead exemption. Some counties may offer local relief programs — check with your county assessor's office.

How often is property reassessed in Oregon?

Oregon reassesses property on a annual — real market value reassessed each year, but taxable assessed value capped at 3% annual increase under measure 50. basis. When your property is reassessed, your tax bill changes based on the new assessed value multiplied by the applicable rate. If you believe your assessment is too high, you can appeal — most counties allow 30-90 days after receiving your assessment notice.

How is property tax calculated in Oregon?

Property tax = Assessed Value × Mill Rate (or effective rate). In Oregon, the effective rate is 0.82% of market value. On a $459,858 home: $459,858 × 0.82% = $3,771/year. Assessments may use a fraction of market value — the effective rate accounts for this.

Can I appeal my property tax assessment in Oregon?

Yes. If your assessed value is higher than comparable sales in your area, you can file an appeal with your county assessment board. Steps: (1) Get your assessment notice, (2) Research comparable recent sales, (3) File an appeal by the deadline (typically 30-90 days from assessment notice). Studies show 20-40% of appeals result in a reduction. The process is free and you represent yourself — no attorney required.

Are property taxes included in my mortgage payment in Oregon?

Most lenders require an escrow account that collects $314/month ($3,771/year ÷ 12) along with your mortgage payment, then pays the county on your behalf. If your loan-to-value is below 80%, you may be able to opt out of escrow and pay taxes directly. Note: if your assessed value rises, your escrow payment adjusts and your total monthly cost increases.

What Oregon counties have the highest and lowest property taxes?

Oregon's highest effective rate is in Multnomah County (Portland) at 1.07%. The lowest is Harney County at 0.56%. That's a 0.51% spread — on a $459,858 home, the difference is $2,345/year.