Oregon variant. This is a Oregon-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Oregon's effective property tax rate of 0.93% means the owner of a median $495,000 home pays roughly $4,604 per year - a figure that varies widely by state.
How Oregon property tax is calculated
Property tax = assessed value × local millage rate. The 0.93% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $495,000 Oregon median home, that works out to about $4,604/year or $384/month - often escrowed into your mortgage payment.
About taxes and housing in Oregon
Oregon levies a graduated income tax with a top marginal rate near 9.9% and imposes no general statewide sales tax.
Oregon's effective property tax rate is around 0.93%, with median home values near $495,000.
Oregon's economy includes technology and semiconductor manufacturing near Portland, timber, and agriculture.
Worked example: tax on a $495,000 home
$495,000 × 0.93% = $4,604 per year. A $500,000 home in Oregon would owe about $4,650 annually at the same effective rate.
Quick reference
- State income tax: 4.75-9.9% across 4 brackets
- State sales tax: 0% (plus 0.00% avg local)
- Median home value: $495,000
- Median household income: $80,426
- Effective property tax rate: 0.93%
- Avg auto insurance: $1,357/yr
Frequently Asked Questions
What is the property tax rate in Oregon?
Oregon's effective property tax rate averages 0.93% of market value per year.
How much property tax on a $495,000 home in Oregon?
About $4,604 per year at the 0.93% effective rate.