Portland, Multnomah County, Oregon Property Taxes
The median property tax rate in Portland, OR is 1.08%, notably higher than both the national median of 0.99% and Oregon's state median of 0.86%. With the median home value in Portland at $522,135, the typical annual property tax bill reaches $5,381, significantly exceeding the national median of $2,690. Property taxes in Portland are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Portland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Portland or another part of Multnomah County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Portland, Multnomah County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$5,639
$5,233
Ownwell’s Portland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Portland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Portland to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Portland, Multnomah County, Oregon
Property taxes in Portland, Oregon, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Portland is 1.08%, higher than both the Oregon state median and the U.S. national median of 0.99%. Local government entities within Portland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Portland estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Portland's effective property tax rate to other areas in Multnomah County and the national median. For comparison, the 97204 zip code has the highest median property tax rate of 1.81%, while the 97227 zip code has the lowest median tax rate of 0.77%. Understanding how these cities compare with Portland provides valuable insights into the varying tax landscape across Multnomah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Portland Tax Rate
1.08%
Average Multnomah County Tax Rate
1.07%
Average Oregon Tax Rate
0.86%
Average United States Tax Rate
0.99%
Property Tax Rates Across Portland, Multnomah County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97201 | 1.43% | 1.69% | 1.80% | 1.87% | 1.90% |
| 97202 | 0.85% | 0.94% | 1.06% | 1.23% | 1.39% |
| 97203 | 0.69% | 0.78% | 0.89% | 1.03% | 1.21% |
| 97204 | 1.67% | 1.77% | 1.81% | 1.84% | 1.85% |
| 97205 | 1.42% | 1.58% | 1.78% | 1.80% | 1.84% |
| 97206 | 0.84% | 0.91% | 0.98% | 1.09% | 1.21% |
| 97209 | 1.57% | 1.70% | 1.80% | 1.87% | 1.90% |
| 97210 | 1.11% | 1.29% | 1.54% | 1.78% | 1.82% |
| 97211 | 0.42% | 0.58% | 0.78% | 0.98% | 1.25% |
| 97212 | 0.55% | 0.92% | 1.08% | 1.21% | 1.34% |
| 97213 | 0.83% | 0.93% | 1.03% | 1.14% | 1.25% |
| 97214 | 0.83% | 0.90% | 0.99% | 1.12% | 1.35% |
| 97215 | 0.87% | 0.95% | 1.04% | 1.13% | 1.26% |
| 97216 | 0.88% | 0.98% | 1.07% | 1.15% | 1.26% |
| 97217 | 0.61% | 0.71% | 0.81% | 1.01% | 1.37% |
| 97218 | 0.72% | 0.84% | 0.94% | 1.08% | 1.23% |
| 97219 | 1.00% | 1.12% | 1.26% | 1.43% | 1.62% |
| 97220 | 0.81% | 0.90% | 1.03% | 1.15% | 1.25% |
| 97221 | 1.06% | 1.17% | 1.28% | 1.45% | 1.66% |
| 97222 | 0.93% | 1.04% | 1.10% | 1.20% | 1.33% |
| 97225 | 1.13% | 1.28% | 1.35% | 1.39% | 1.49% |
| 97227 | 0.31% | 0.44% | 0.77% | 1.06% | 1.43% |
| 97229 | 1.16% | 1.50% | 1.72% | 1.78% | 1.80% |
| 97230 | 0.84% | 0.93% | 1.12% | 1.28% | 1.47% |
| 97231 | 0.75% | 0.93% | 1.18% | 1.42% | 1.77% |
| 97232 | 0.87% | 1.02% | 1.19% | 1.39% | 1.73% |
| 97233 | 0.82% | 0.94% | 1.07% | 1.15% | 1.27% |
| 97236 | 0.79% | 0.98% | 1.11% | 1.24% | 1.37% |
| 97239 | 1.14% | 1.25% | 1.47% | 1.74% | 1.81% |
| 97250 | N/A | N/A | N/A | N/A | N/A |
| 97266 | 0.87% | 0.99% | 1.09% | 1.24% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Portland, Multnomah County, Oregon
In Portland, Oregon, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Multnomah County Assessor for tax purposes. In contrast, the assessed value 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. In Portland, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Portland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Portland is $15,566 in the 97225 zip code, while the lowest median tax bill is $4,069 in the 97233 zip code.
Property Tax Assessment Values Across Portland, Multnomah County, Oregon
Source: Ownwell
$140,700
$677,123
$1,213,545
Average Portland Assessed Value
$522,135
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 Portland, Multnomah County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97201 | $18,150 | $235,190 | $441,770 | $891,850 | $1,328,560 |
| 97202 | $464,290 | $538,860 | $633,110 | $778,060 | $958,330 |
| 97203 | $364,645 | $414,740 | $469,185 | $545,675 | $646,755 |
| 97204 | $345,724 | $369,790 | $430,240 | $474,540 | $574,612 |
| 97205 | $175,150 | $282,280 | $432,950 | $951,005 | $1,315,272 |
| 97206 | $364,136 | $412,900 | $477,620 | $564,550 | $671,192 |
| 97209 | $2,710 | $18,150 | $288,385 | $480,002 | $756,680 |
| 97210 | $310,532 | $493,485 | $863,850 | $1,155,070 | $1,420,914 |
| 97211 | $427,452 | $504,210 | $578,740 | $674,970 | $795,586 |
| 97212 | $529,744 | $642,900 | $766,130 | $942,280 | $1,173,536 |
| 97213 | $420,327 | $486,925 | $572,285 | $678,970 | $807,693 |
| 97214 | $478,060 | $589,370 | $697,465 | $831,430 | $989,783 |
| 97215 | $462,642 | $542,485 | $646,180 | $774,015 | $937,701 |
| 97216 | $317,254 | $362,428 | $415,325 | $488,432 | $563,670 |
| 97217 | $299,280 | $445,540 | $526,140 | $609,120 | $708,206 |
| 97218 | $295,963 | $411,930 | $490,320 | $583,655 | $705,193 |
| 97219 | $430,837 | $520,322 | $631,190 | $774,708 | $989,503 |
| 97220 | $322,650 | $366,612 | $418,750 | $495,050 | $591,335 |
| 97221 | $504,938 | $609,818 | $781,190 | $981,922 | $1,325,993 |
| 97222 | $431,466 | $498,530 | $585,430 | $653,300 | $778,288 |
| 97225 | $747,830 | $946,540 | $1,159,200 | $1,393,620 | $1,935,870 |
| 97227 | $366,606 | $523,725 | $618,795 | $738,375 | $871,270 |
| 97229 | $438,747 | $615,618 | $923,685 | $1,138,918 | $1,383,908 |
| 97230 | $302,500 | $374,090 | $437,610 | $505,460 | $585,658 |
| 97231 | $294,430 | $439,748 | $636,170 | $949,450 | $1,230,486 |
| 97232 | $251,730 | $488,235 | $692,930 | $840,590 | $988,481 |
| 97233 | $248,130 | $338,340 | $382,620 | $438,460 | $511,558 |
| 97236 | $159,190 | $340,370 | $410,300 | $518,895 | $637,330 |
| 97239 | $317,148 | $479,660 | $665,785 | $880,132 | $1,119,996 |
| 97250 | N/A | N/A | N/A | N/A | N/A |
| 97266 | $283,435 | $342,398 | $391,500 | $467,802 | $576,285 |
Source: Ownwell
Property Tax Bills Across Portland, Multnomah County, Oregon
In Portland, Multnomah County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically lower than the market value and is adjusted annually. The tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as property improvements, neighborhood changes, and overall real estate market trends can influence the assessed value. For homeowners, the impact of property taxes can be significant. The median home price in Portland is $522,135, and tax bills vary widely. For example, the tax bill at the 25th percentile is $4,019, while at the 75th percentile, it rises to $7,677. The highest median tax bill in the area is $15,566 in the 97225 zip code, contrasting sharply with the lowest median tax bill of $4,069 in the 97233 zip code. These variations highlight the importance of understanding local property tax assessments and their potential financial implications.
Average Portland Tax Bill
$5,381
Average Multnomah County Tax Bill
$5,046
Average Oregon Tax Bill
$3,628
Average United States Tax Bill
$2,690
Property Tax Bills Across Portland, Multnomah County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97201 | $344 | $4,237 | $7,370 | $14,728 | $21,989 |
| 97202 | $4,387 | $5,348 | $6,688 | $8,797 | $11,887 |
| 97203 | $2,860 | $3,392 | $4,151 | $5,213 | $6,566 |
| 97204 | $5,660 | $6,543 | $7,747 | $8,399 | $9,658 |
| 97205 | $2,552 | $4,936 | $7,442 | $15,181 | $20,928 |
| 97206 | $3,379 | $3,965 | $4,756 | $5,768 | $7,087 |
| 97209 | $51 | $344 | $5,034 | $8,391 | $12,758 |
| 97210 | $4,777 | $7,436 | $12,079 | $16,988 | $22,107 |
| 97211 | $2,242 | $3,169 | $4,455 | $6,008 | $8,169 |
| 97212 | $3,317 | $5,951 | $8,440 | $10,847 | $13,956 |
| 97213 | $3,835 | $4,715 | $5,824 | $7,288 | $9,085 |
| 97214 | $4,604 | $5,611 | $6,966 | $8,705 | $10,915 |
| 97215 | $4,453 | $5,403 | $6,682 | $8,285 | $10,332 |
| 97216 | $3,175 | $3,766 | $4,524 | $5,329 | $6,118 |
| 97217 | $2,582 | $3,431 | $4,295 | $5,435 | $7,320 |
| 97218 | $3,168 | $3,853 | $4,783 | $5,802 | $6,934 |
| 97219 | $4,862 | $6,232 | $7,888 | $10,218 | $13,566 |
| 97220 | $2,896 | $3,525 | $4,359 | $5,279 | $6,365 |
| 97221 | $6,105 | $7,507 | $9,929 | $13,639 | $18,706 |
| 97222 | $4,497 | $5,380 | $6,458 | $7,368 | $8,517 |
| 97225 | $8,617 | $11,733 | $15,566 | $19,822 | $25,974 |
| 97227 | $1,536 | $2,464 | $4,468 | $6,474 | $8,671 |
| 97229 | $6,817 | $9,114 | $14,853 | $18,908 | $22,975 |
| 97230 | $2,987 | $3,782 | $4,812 | $6,099 | $7,127 |
| 97231 | $3,000 | $4,760 | $7,225 | $11,208 | $18,907 |
| 97232 | $3,846 | $5,160 | $7,577 | $9,901 | $12,276 |
| 97233 | $2,754 | $3,397 | $4,069 | $4,869 | $5,663 |
| 97236 | $2,641 | $3,669 | $4,614 | $5,830 | $7,818 |
| 97239 | $5,081 | $6,823 | $9,102 | $12,582 | $17,436 |
| 97250 | N/A | N/A | N/A | N/A | N/A |
| 97266 | $3,035 | $3,631 | $4,387 | $5,344 | $6,710 |
Source: Ownwell