Boring, Multnomah County, Oregon Property Taxes

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

Median Boring, OR effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but higher than the Oregon state median of 0.86%.
Median Boring, OR home value: $593,950
Median annual Boring, OR tax bill: $6,052, $3,652 higher than the national median property tax bill of $2,400.

How are property taxes in Multnomah calculated?

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

Last Updated March 1, 2025

Boring, Multnomah County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$5,821

$5,401

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

Property Tax Rates Across Boring, Multnomah County, Oregon

Local government entities set tax rates, which can vary widely within a 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Boring, located in Clackamas County, Oregon, the effective property tax rate reflects this process. Oregon's median property tax rate is 0.98%, which is slightly below the national median of 1.02%. This makes Oregon an attractive option for property owners looking for lower tax burdens. When comparing Boring’s effective property tax rate to other cities in Oregon, you'll find it aligns closely with the state’s median. The uniformity in tax rates across Oregon’s regions indicates a stable and predictable property tax environment. This predictability can be a significant advantage for property owners planning their long-term financial commitments. Understanding these dynamics can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Boring, Multnomah County, Oregon

Source: Ownwell

0.74%

1.27%

1.81%

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 Boring Tax Rate

0.98%

Median Effective Multnomah County Tax Rate

1.07%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Boring, Multnomah County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97009	0.76%	0.83%	0.98%	1.07%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Boring, Multnomah County, Oregon

When examining property taxes in Boring, 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 Multnomah 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 Multnomah 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 Boring. For example, the median home price in Boring is $593,950, with tax bills ranging significantly across the county. Zip code 97009 has the highest median home price at $593,950.

Property Tax Assessment Values Across Boring, Multnomah County, Oregon

Source: Ownwell

$140,700

$677,123

$1,213,545

Median Boring Market Value

$593,950

Median Multnomah County Market Value

$496,670

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Boring, Multnomah County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97009	$471,440	$505,440	$593,950	$683,710	$787,540

Source: Ownwell

Property Tax Bills Across Boring, Multnomah County, Oregon

In Boring, located in Multnomah County, OR, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value, often lower than the market value, is multiplied by the local tax rate to determine the tax bill. With a median home price of $593,950, homeowners in this area can expect significant property tax bills. The median tax bill in Boring is $6,052, which is significantly higher than the national median property tax bill of $2,400. Homeowners in the 25th percentile pay around $4,659, while those in the 75th percentile face bills of about $6,671, and the 90th percentile sees bills as high as $8,268. Such substantial property tax bills can pose a financial burden on homeowners. Ownwell offers a solution by providing expert property tax appeal services. By leveraging their expertise, homeowners can potentially reduce their assessed value, leading to lower tax bills and significant savings.

Property Tax Bills Across Boring, Multnomah County, Oregon

Source: Ownwell

$1,850

$8,708

$15,566

Median Boring Tax Bill

$6,052

Median Multnomah County Tax Bill

$5,046

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Boring, Multnomah County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97009	$3,499	$4,659	$6,052	$6,671	$8,268

Source: Ownwell