Portland, OR Property Tax Calculator
Estimate property tax for a home in Portland, OR. Homes in Portland are assessed by Multnomah County, where the effective property tax rate runs about 1.10% of market value — so a median-priced Portland home of $550,000 generates roughly $6,050 in annual property tax. Enter your specific home value below for a custom estimate.
Annual Tax
$6,050
1.10% of $550,000
Monthly Tax
$504
Typically escrowed with your mortgage
State Rank
#25 of 51
Highest rate = #1
vs. National Average
Highest property tax states
- New Jersey2.49%
- Illinois2.23%
- New Hampshire2.18%
- Connecticut2.15%
- Vermont1.90%
Lowest property tax states
- Hawaii0.32%
- Alabama0.41%
- Colorado0.55%
- Louisiana0.56%
- District of Columbia0.57%
These are state-level averages. Individual counties and cities can vary significantly — a home in Austin's urban core may have a far higher effective rate than the Texas state average, for example. For the most accurate estimate, get the exact millage rate from your county assessor and override the rate field above.
How to use it
A two-minute guide.
The Home Value field is pre-filled with Portland's median home value of $550,000. Override with your actual home's market value for a specific estimate — your tax bill scales linearly with home value.
The rate is pre-filled with Multnomah County's effective rate of 1.10% — the county-level average for owner-occupied homes, which is more precise than Oregon's statewide average of 0.93%. Individual school districts and special taxing zones within Portland still shift the exact figure — if you know the rate from your latest tax bill, override it for the most precise estimate.
You'll see your estimated annual property tax, the monthly amount (which is typically escrowed with your mortgage payment), and a comparison to other states.
How it works
The math behind the result.
How Portland's tax bill works out. Homes in Portland are assessed and billed through Multnomah County. The effective rate there averages about 1.10% of market value — above Oregon's statewide average of 0.93%. On Portland's median home value of $550,000, that's approximately $6,050/year, or $504/month when escrowed with your mortgage.
How assessment works in Oregon. 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 worth claiming. Oregon has no general homestead exemption; the main relief programs are deferral programs for seniors and disabled homeowners and exemptions for disabled veterans. Exemptions are the most common reason two identical Portland homes pay different tax bills — make sure yours are on file with Multnomah County.
What property tax actually pays for. In Portland — like the rest of Oregon — property tax funds local schools, public safety (police, fire), road maintenance, parks, libraries, and county government. Most of your bill stays in your county and school district.
Comparing to other states. Effective rates vary enormously across the US — from about 0.3% in Hawaii to nearly 2.5% in New Jersey. Portland's 1.10% puts it near the middle nationally.
Questions
Frequently asked.
Buying in Portland? Estimate your full mortgage payment with our Portland Mortgage Calculator. Or see how Oregon property tax rates compare across the state with our Oregon Property Tax Calculator.
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