United Paramount Tax Group
Oregon (OR) Property Tax Info
| Property Tax Rank in US (best =1) | 18 |
| Corporate Tax Rank in US (best =1) | 33 |
| Sales Tax Rank in US (best =1) | 4 |
| Effective Real-Estate Tax Rate | 1.00% |
| Is Personal Property Taxable | Yes |
| Oregon State Website | http://oregon.gov/ |
| Capital | Salem |
| Largest City | Portland |
| Largest Metro Area | 2,478,810 |
Important Dates
For Real Property
- Oregon Property Tax Filing Deadline Mar 15
- Oregon Property Tax Appeal Deadline 31-Dec, A value reduction petition must be filed after tax statements are mailed and before December 31.
For Business Personal Property
- BPP Filing (Rendition) Deadline July 15 (30 Filing Extension through County Assessor by written request)
- BPP Appeal Deadline 31-Dec
Oregon Property Tax Rate
Oregon Property taxes are limited by two laws passed during the 1990s: Measure 5 and Measure 50. Combined, these two measures put caps on both the total effective tax rate that can be applied to any individual property as well as the growth in assessed values, on which taxes are based.
Oregon has property tax rates that are nearly in line with national averages. The effective property tax rate in Oregon is 0.90%, while the U.S. average currently stands at 1.07%. However, specific tax rates can vary drastically depending on the county in which you settle down.
How Does Oregon Property Taxes Works?
Oregon property taxes do not necessarily apply only to market value. Instead, they apply either to the market value or the maximum assessed value, whichever is lower.
The most important aspect of the maximum assessed value is that so long as it is less than market value (which it usually is), it is limited to 3% annual growth. That means that even when home values are skyrocketing, property taxes should remain relatively stable.
Just as Oregon limits the value to which tax rates apply, the state also limits tax rates. For any single property, total school district taxes cannot be more than $5 per $1,000 in market value and total general government taxes cannot be more than $10 per $1,000 in market value.