Oregon Property Tax in 2026

Enter your home value — this is your home's market value (typically close to what you'd sell for today, or what you paid). The state dropdown is pre-selected to Oregon, and the rate field is pre-filled with the state's average effective property tax rate of 0.81%.

For a more precise estimate, override the rate with your local millage rate from your county assessor's website or your most recent property tax bill. In Oregon, rates vary considerably by county and city — the state average is a starting point, not your exact number.

You'll see your annual tax, monthly tax (the amount typically escrowed with your mortgage), and how Oregon's rate compares to the national average and to other states.

Oregon's 0.81% effective property tax rate is 10% below the national average. It ranks 24th out of 50 US states, putting it in the middle. On the state's median home value of $490,000, that produces an annual property tax bill of roughly $3,969.

Property tax is a local tax, not a state tax — most of what you pay goes to your county, city, school district, and other local taxing authorities. The "state average" rate you see here is really a blend of all those local rates, weighted across Oregon's counties. Your specific home's rate could be meaningfully higher or lower depending on where you live.

Rates are expressed as an effective property tax rate: the actual dollar tax divided by the home's market value. Many counties also publish a millage rate in mills (one mill = 0.1% = $1 per $1,000 of assessed value). They're two ways of writing the same tax.

Most Oregon homeowners pay property tax through escrow: your lender collects 1/12 of the annual bill with each mortgage payment, holds it, and sends it to the county when the bill comes due. If you own outright, you typically pay the county directly in one or two installments per year.

How Oregon assesses your home. Measure 50 gives every home a Maximum Assessed Value that grows just 3% per year; you're taxed on the lesser of that or real market value — so most Portland-area homes are taxed well below market value.

Exemptions that lower your Oregon bill. Oregon has no general homestead exemption; the main relief programs are deferral programs for seniors and disabled homeowners and exemptions for disabled veterans.

Appealing your Oregon assessment. Petition your county's Board of Property Tax Appeals (BOPTA) by December 31 after tax statements arrive in October — focus on real market value, since assessed value is already capped.

Source. Oregon's 0.81% effective rate from Tax Foundation, Property Taxes by State and County, 2026 (effective rate on owner-occupied housing, 2024). Home values reference recent Zillow and Redfin published figures. Both are averages — your county, city and school district set the rate that actually applies to your address.