Multnomah County Property Taxes
The median property tax rate in Multnomah County is 1.07%, which is significantly higher than both the national median of 0.99% and Oregon's state median of 0.86%. With the median home value in Multnomah County at $496,670, the typical annual property tax bill reaches $5,046, exceeding the national median of $2,690. Property taxes in Multnomah County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Multnomah County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Portland or another part of Multnomah County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Multnomah County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$5,314
$4,932
Ownwell’s Multnomah County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Multnomah County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Multnomah County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Multnomah County, Oregon
Property taxes in Multnomah County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Multnomah County is 1.07%, which is higher than the U.S. national median of 0.99%. Local government entities within Multnomah County set these rates annually, and they can vary significantly between different areas within the county. Each year, Multnomah County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Multnomah County's effective property tax rate with other regions in Oregon and the national median. For comparison, the city of Lake Oswego has one of the higher property tax rates in Oregon at 1.28%, while the city of Corbett boasts one of the lowest at 0.74%. Analyzing how Multnomah County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Multnomah County Tax Rate
1.07%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Multnomah County, Oregon
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boring | 0.76% | 0.83% | 0.98% | 1.07% | 1.19% |
| Cascade Locks | 0.85% | 1.16% | 1.24% | 1.24% | 1.27% |
| Corbett | 0.56% | 0.64% | 0.74% | 0.83% | 0.92% |
| Fairview | 0.59% | 0.80% | 0.92% | 1.00% | 1.08% |
| Gresham | 0.83% | 0.92% | 0.99% | 1.07% | 1.16% |
| Hillsboro | 0.98% | 1.07% | 1.18% | 1.28% | 1.56% |
| Lake Oswego | 1.02% | 1.18% | 1.28% | 1.43% | 1.56% |
| North Plains | 0.71% | 0.81% | 1.05% | 1.73% | 3.70% |
| Portland | 0.76% | 0.91% | 1.08% | 1.29% | 1.65% |
| Scappoose | 0.69% | 0.76% | 0.87% | 1.01% | 1.40% |
| Troutdale | 0.78% | 0.89% | 0.94% | 1.00% | 1.06% |
| Wood Village | 0.63% | 0.69% | 0.75% | 0.87% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Multnomah County, Oregon
In Multnomah County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Multnomah County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Multnomah County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Multnomah County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Hillsboro has the highest median tax bill at $7,378, while Cascade Locks has the lowest at $1,850.
Property Tax Assessment Values Across Multnomah County, Oregon
Source: Ownwell
$140,700
$1,826,360
$3,512,020
Average Multnomah County Assessed Value
$496,670
Average Oregon Assessed Value
$438,140
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Multnomah County, Oregon
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boring | $471,440 | $505,440 | $593,950 | $683,710 | $787,540 |
| Cascade Locks | $69,556 | $92,942 | $140,700 | $248,825 | $448,503 |
| Corbett | $342,864 | $460,250 | $586,600 | $704,200 | $828,242 |
| Fairview | $41,481 | $275,608 | $408,670 | $539,082 | $694,745 |
| Gresham | $293,022 | $379,030 | $448,990 | $519,090 | $603,526 |
| Hillsboro | $84,880 | $191,015 | $519,000 | $760,245 | $888,176 |
| Lake Oswego | $236,840 | $286,940 | $536,950 | $792,095 | $1,006,383 |
| North Plains | $18,150 | $40,462 | $257,880 | $592,928 | $662,190 |
| Portland | $314,030 | $406,400 | $522,135 | $678,340 | $886,416 |
| Scappoose | $173,233 | $443,145 | $656,300 | $748,702 | $975,466 |
| Troutdale | $352,500 | $406,695 | $456,140 | $507,505 | $580,950 |
| Wood Village | $26,906 | $39,470 | $255,500 | $401,460 | $610,936 |
Source: Ownwell
Property Tax Bills Across Multnomah County, Oregon
In Multnomah County, OR, property tax bills are determined based on the assessed value of a property rather than its market value. The county's median home price is $496,670, but the assessed value is typically lower due to state regulations that limit annual increases in assessed values. Property taxes are then calculated by applying the local tax rate to this assessed value. Several factors influence a homeowner's tax bill, including property location, local levies, and any exemptions for which the homeowner may qualify. For instance, in Multnomah County, the 25th percentile tax bill is $3,780, while the 75th percentile reaches $7,167, and the 90th percentile can go up to $10,509. Comparatively, the national median property tax rate is 0.99%, making Multnomah County's rates relatively high. This impacts homeowners by potentially increasing their annual financial obligations. Cities within the county, such as Hillsboro, can have median tax bills as high as $7,378, while others like Cascade Locks may have much lower bills, around $1,850.
Average Multnomah County Tax Bill
$5,046
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Multnomah County, Oregon
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boring | $3,499 | $4,659 | $6,052 | $6,671 | $8,268 |
| Cascade Locks | $710 | $1,095 | $1,850 | $3,374 | $5,475 |
| Corbett | $2,232 | $3,176 | $4,428 | $5,705 | $6,998 |
| Fairview | $1,895 | $3,215 | $3,993 | $5,406 | $7,426 |
| Gresham | $2,839 | $3,695 | $4,458 | $5,352 | $6,448 |
| Hillsboro | $1,923 | $3,606 | $7,378 | $8,423 | $13,161 |
| Lake Oswego | $2,683 | $3,704 | $6,956 | $10,731 | $13,989 |
| North Plains | $220 | $546 | $2,269 | $4,301 | $5,757 |
| Portland | $3,045 | $4,019 | $5,381 | $7,677 | $11,184 |
| Scappoose | $2,835 | $3,690 | $5,292 | $6,861 | $8,751 |
| Troutdale | $3,215 | $3,821 | $4,298 | $4,838 | $5,694 |
| Wood Village | $1,506 | $2,039 | $2,740 | $4,333 | $6,257 |
Source: Ownwell