Property Taxes in Oregon
Oregon's effective property tax rate is 0.78%, ranking #27 out of 50 states (1 = lowest). The median annual property tax paid is $3,352.
Oregon's property tax system is governed by Measures 5 and 50, which cap tax rates and limit assessed value growth to 3% annually (regardless of actual appreciation). This creates a significant gap between the assessed value used for taxes and the real market value, benefiting long-term owners. When a property sells, the assessed value does not reset to market value — it continues growing at the capped rate, making Oregon's system more favorable to new buyers than California's Proposition 13 (which resets at sale). However, the overall effective tax rate is moderate to above-average by national standards.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.78%
Median Annual Tax
$3,352
National Rank
#27 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $1,560 | $130 |
| $300,000 | $2,340 | $195 |
| $400,000 | $3,120 | $260 |
| $500,000 | $3,900 | $325 |
| $750,000 | $5,850 | $488 |
* Based on the average effective rate of 0.78%. Actual rates vary by county and municipality.
Homestead Exemption in Oregon
Up to $40,000
File for the homestead exemption after purchasing your primary residence in Oregon to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Oregon Compares
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