Oregon Property Tax

Effective Property Tax Rate

82.94%

Median Annual Tax

$3,767

Median Home Value

$454,200

Oregon Property Tax Overview

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1. Key Statistics (2026)

Metric	Value
Median home value (statewide)	$454,200
Effective property tax rate (state average)	0.83 %
Median annual property tax payment	$3,767
Rank among U.S. states/territories (lower‑rate = better)	28 / 52
Difference from national average effective rate	‑14.29 % (national average 0.97 %)

Source: According to the U.S. Census Bureau's American Community Survey (ACS) (5‑year estimates, 2023).

2. How the Oregon Property Tax Rate Is Applied

The effective property tax rate of 0.83 % is derived by dividing the total property tax levied by the assessed market value of all taxable real‑estate. The rate is applied to the assessed value of each property, which in Oregon is generally equal to the market value unless local assessment rules provide for a different ratio.

Example Tax Bills

Assessed Home Value	Approximate Annual Property Tax
$250,000	$2,074
$500,000	$4,147

The figures are calculated by multiplying the home value by the statewide effective rate of 0.83 %.

3. Variation by County

Property tax rates in Oregon are set at the county, city, and special‑district level. While the statewide effective rate is 0.83 %, individual counties may have higher or lower rates depending on:

Local levy authority (county, city, school district, fire district, etc.)
Approved bond measures or millage votes
Assessment practices and exemptions (e.g., senior citizen, disabled veteran)

Consequently, a homeowner in Multnomah County may face a different tax bill than a homeowner in Grant County for the same assessed value.

4. Comparison to the National Average

National effective property tax rate (2026): 0.97 %
Oregon effective rate: 0.83 %

Based on the most recent ACS estimates, Oregon’s effective property tax rate is 14.29 % lower than the national average. This positions Oregon at rank 28 out of 52 states and territories in terms of lower property tax burden.

5. Considerations for Retirees and Landlords

Retirees

Oregon does not impose a state income tax on Social Security benefits, but property taxes are still payable on owned residences.
Many counties offer senior property tax relief programs (e.g., the Oregon Property Tax Deferral program) that can reduce or defer taxes for eligible homeowners aged 62 or older, subject to income and equity limits.

Landlords

Rental property owners are subject to the same effective rate as owner‑occupied homes.
Landlords can deduct property taxes as an expense on federal income tax returns, consistent with IRS rules.
Local jurisdictions may levy additional assessments (e.g., for infrastructure or services) that affect the overall tax cost of rental properties.

Both groups should verify county‑specific rates and available exemptions to determine the precise tax liability.

6. Frequently Asked Questions

Q1: How is the effective property tax rate calculated?
A: The effective rate is the total property tax revenue divided by the aggregate market value of all taxable real‑estate in the state. It provides a uniform measure that can be applied to individual property values for estimation purposes.

Q2: Do property tax rates change annually in Oregon?
A: Rates can change each fiscal year if local governments approve new millage rates, bond measures, or if the state legislature enacts legislation affecting assessments or exemptions. Homeowners receive an annual notice of the assessed value and the applicable tax levy.

Q3: Are there statewide exemptions that lower property taxes for owners?
A: Oregon offers a property tax relief program for qualifying seniors, disabled individuals, and certain low‑income households. The relief is administered at the county level and may reduce or defer tax liability based on income, equity, and age criteria.

7. Summary

The effective Oregon property tax rate is 0.83 %, below the national average of 0.97 %.
Median home value (2026) is $454,200, leading to a median annual tax bill of $3,767.
Example calculations show taxes of $2,074 for a $250k home and $4,147 for a $500k home.
Rates vary by county and are influenced by local levies and exemptions.
Retirees and landlords should review county‑specific programs and consider how property taxes fit into overall financial planning.

References: U.S. Census Bureau, American Community Survey 5‑year estimates (2026).

Neighboring States