Salem, Marion County, Oregon Property Taxes

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

Median Salem, OR effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but higher than the Oregon state median of 0.86%.
Median Salem, OR home value: $386,070
Median annual Salem, OR tax bill: $3,336, $936 higher than the national median property tax bill of $2,400.

How are property taxes in Marion County calculated?

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

Last Updated March 1, 2025

Salem, Marion County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$3,436

$3,189

Ownwell’s Salem Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Salem with just two data points. By entering your property's estimated assessed value, our calculator applies Salem’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 Marion County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Salem, Marion County, Oregon

Local government entities in Oregon set tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Salem, located in Marion County, the effective property tax rate is a point of interest for homeowners. Compared to other cities in Oregon, Salem's property tax rate reflects the balance between local budgetary needs and property values. The median property tax rate in Oregon is slightly below the national median, offering a comparative advantage for residents. For instance, the highest median tax rate within Marion County is found in the 97306 zip code, while the lowest is in the 97317 zip code. This variability highlights the importance of understanding local tax rates when evaluating property investments. By comparing Salem's rates to state and national figures, homeowners can better assess their property tax obligations and potential savings through available appeal and exemption services.

Property Tax Rates Across Salem, Marion County, Oregon

Source: Ownwell

0.44%

0.72%

1.00%

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 Salem Tax Rate

0.89%

Median Effective Marion County Tax Rate

0.84%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Salem, Marion County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97301	0.67%	0.75%	0.84%	0.92%	0.98%
97302	0.72%	0.86%	0.98%	1.08%	1.18%
97303	0.52%	0.68%	0.82%	0.87%	0.96%
97305	0.64%	0.75%	0.82%	0.95%	1.01%
97306	0.69%	0.90%	1.00%	1.08%	1.19%
97317	0.56%	0.67%	0.76%	0.84%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Salem, Marion County, Oregon

When examining property taxes in Salem, Oregon, 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 Marion County Assessor's Office 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 Marion County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Salem.

For example, the median home price in Salem is $386,070, with tax bills ranging significantly across the county. Zip code 97303 has the highest median home price at $481,840.

Property Tax Assessment Values Across Salem, Marion County, Oregon

Source: Ownwell

$168,200

$336,335

$504,470

Median Salem Market Value

$386,070

Median Marion County Market Value

$390,390

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Salem, Marion County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97301	$209,600	$276,550	$327,510	$389,088	$466,110
97302	$275,117	$346,315	$426,905	$544,292	$702,239
97303	$195,996	$344,900	$481,840	$600,990	$703,698
97305	$75,150	$280,495	$367,730	$432,140	$516,330
97306	$282,872	$365,790	$461,000	$587,848	$718,990
97317	$179,000	$315,895	$380,520	$573,465	$803,530

Source: Ownwell

Property Tax Bills Across Salem, Marion County, Oregon

In Salem, located in Marion County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Salem experience a median property tax bill that is significantly higher than the national median of $2,400, with a 25th percentile tax bill of $2,540 and a 75th percentile reaching $4,571. The highest median tax bill in the area is $4,461 in the 97306 zip code, while the lowest is $2,771 in the 97301 zip code. These bills can place a substantial financial burden on homeowners. Factors such as changes in the local real estate market and adjustments in tax rates can further affect these bills. Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing their tax liabilities. By analyzing market trends and comparable property assessments, Ownwell can help ensure homeowners are not overpaying on their property taxes.

Property Tax Bills Across Salem, Marion County, Oregon

Source: Ownwell

$933

$2,697

$4,461

Median Salem Tax Bill

$3,336

Median Marion County Tax Bill

$3,229

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Salem, Marion County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97301	$1,635	$2,218	$2,771	$3,280	$3,959
97302	$2,128	$3,053	$4,164	$5,492	$7,493
97303	$1,210	$2,804	$3,700	$4,746	$5,704
97305	$935	$2,303	$2,969	$3,731	$4,532
97306	$2,324	$3,485	$4,461	$5,799	$7,138
97317	$1,485	$2,422	$3,016	$4,113	$5,476

Source: Ownwell