Portland, Clackamas County, Oregon Property Taxes

Name: Property Tax Bills Across Portland, Clackamas County, Oregon
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Portland, OR effective property tax rate: 0.93%, slightly lower than the national median of 1.02%, but higher than the Oregon state median of 0.86%.
Median Portland, OR home value: $497,390
Median annual Portland, OR tax bill: $4,676, $2,276 higher than the national median property tax bill of $2,400.

How are property taxes in Clackamas calculated?

Property taxes in Portland, OR are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Portland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Portland, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Portland, Clackamas County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$4,626

$4,293

Ownwell’s Portland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Portland with just two data points. By entering your property's estimated assessed value, our calculator applies Portland’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Clackamas County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Portland, Clackamas County, Oregon

Local government entities set property tax rates, which can differ significantly within Oregon. This variation is due to each county's annual estimation of its budgetary needs to provide essential services, which is then divided by the total value of all taxable property in the area, resulting in the property tax rate. Although votes and legislation play a role in determining tax rates and budgets, this is the fundamental process each year.

In Portland, situated in Clackamas County, the effective property tax rate is a key metric to consider. When comparing Portland's rate with other cities across Oregon, it's evident that there are differences. The median property tax rate in Oregon stands at 0.93%, which is lower than the national median of 1.02%. Within Portland, the highest median tax rate is found in the 97202 zip code at 1.11%, while the lowest is in the 97219 zip code at 0.78%. These figures highlight the diversity in property tax rates within the city itself, as well as in comparison to the state and national averages.

Property Tax Rates Across Portland, Clackamas County, Oregon

Source: Ownwell

0.46%

0.86%

1.27%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Portland Tax Rate

0.93%

Median Effective Clackamas County Tax Rate

0.92%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Portland, Clackamas County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97202	1.02%	1.06%	1.11%	1.16%	1.19%
97206	0.67%	0.74%	0.81%	0.93%	1.02%
97219	0.69%	0.73%	0.78%	0.84%	0.92%
97222	0.76%	0.85%	0.95%	1.04%	1.16%
97266	1.05%	1.05%	1.05%	1.05%	1.05%
97267	0.74%	0.84%	0.92%	1.00%	1.07%
97236	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Portland, Clackamas County, Oregon

When examining property taxes in Portland, OR, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Clackamas County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Clackamas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Portland. For example, the median home price in Portland is $497,390, with tax bills ranging significantly across the county. Zip code 97202 has the highest median home price at $1,089,258.

Property Tax Assessment Values Across Portland, Clackamas County, Oregon

Source: Ownwell

$333,702

$711,480

$1,089,258

Median Portland Market Value

$497,390

Median Clackamas County Market Value

$564,773

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Portland, Clackamas County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97202	$804,627	$939,870	$1,089,258	$1,303,444	$1,481,065
97206	$29,750	$307,567	$372,595	$468,871	$598,128
97219	$510,417	$556,330	$642,016	$826,318	$1,857,746
97222	$283,573	$393,031	$476,057	$577,434	$718,035
97266	$461,900	$465,720	$465,720	$569,220	$569,220
97267	$347,787	$439,662	$513,832	$616,491	$755,810
97236	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Portland, Clackamas County, Oregon

In Portland, located in Clackamas County, OR, property tax bills are determined by the assessed value of a home, which is distinct from its market value. The median home price in Portland is $497,390, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as location, home size, and improvements can influence the assessed value. Tax bills in Portland vary significantly, with the 25th percentile at $3,669 and the 75th percentile at $5,726, while the 90th percentile reaches $7,196. Notably, some areas like ZIP code 97202 have even higher median tax bills at $12,055, whereas ZIP code 97206 sees lower median bills around $3,159. These tax bills can be burdensome for homeowners, especially when they exceed the national median tax bill of $2,400. Ownwell offers valuable assistance by reviewing and appealing property assessments, potentially reducing tax burdens and ensuring homeowners pay only their fair share.

Property Tax Bills Across Portland, Clackamas County, Oregon

Source: Ownwell

$1,842

$6,949

$12,055

Median Portland Tax Bill

$4,676

Median Clackamas County Tax Bill

$5,006

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Portland, Clackamas County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97202	$8,621	$10,430	$12,055	$14,264	$16,523
97206	$1,947	$2,490	$3,159	$4,315	$5,704
97219	$3,800	$4,192	$4,955	$6,636	$17,116
97222	$2,530	$3,512	$4,565	$5,598	$7,058
97266	$4,849	$4,887	$4,887	$5,962	$5,962
97267	$3,008	$3,894	$4,782	$5,838	$7,176
97236	N/A	N/A	N/A	N/A	N/A

Source: Ownwell