Portland, OR variant. This is a Portland, OR-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.
Portland property tax runs about 1.02% of value - roughly $5,559/year on the $545,000 median home.
Property tax in Portland
Tax = assessed value × local rate. The 1.02% effective rate captures Portland's blend of county, city, and school levies.
On the $545,000 median home that's $5,559/year ($463/month), usually escrowed with your mortgage.
About Portland, OR
Portland sits in Oregon, one of the few states with no statewide sales tax, though residents do pay state income tax.
Portland's housing market is among the pricier in the Pacific Northwest, with median home values well above the national average.
Portland's cost of living runs notably above the national average, reflecting its desirability and constrained housing supply.
Worked example: $545,000 home
$545,000 × 1.02% = $5,559/year. A $600,000 Portland home would owe about $6,120.
Quick reference
- Median home value: $545,000
- Median rent: $1,900/mo
- Median household income: $81,580
- Local sales tax: 0%
- Effective property tax rate: 1.02%
- Cost of living index: 130 (US avg = 100)
Frequently Asked Questions
What is the property tax rate in Portland?
About 1.02% of market value per year.
How much property tax on a median Portland home?
Roughly $5,559 per year.