Portland, Multnomah County, Oregon Property Taxes
Median PORTLAND, OR effective property tax rate: 1.08%, significantly higher than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median PORTLAND, OR home value: $522,135
Median annual PORTLAND, OR tax bill: $5,381, $2,981 higher than the national median property tax bill of $2,400.
How are property taxes in Multnomah County 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, Multnomah County, Oregon Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$5,639
$5,233
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 Multnomah County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Portland, Multnomah County, Oregon
Local government entities establish property tax rates, which can differ significantly across Oregon. Each year, counties determine their budget needs for public services and divide this by the total assessed value of all taxable properties within their boundaries, resulting in the property tax rate. Although the process involves voting and legislation, this is the fundamental procedure.
In Portland, located in Multnomah County, the effective property tax rate is an important figure to consider when evaluating property taxes in Oregon. Compared to the national median property tax rate of 1.02%, Portland's rate reflects the local economic and governmental priorities. It's also insightful to compare Portland's rate with other cities within the state, where rates can range from as low as 0.77% in some areas to as high as 1.81% in others. These variations highlight the diverse fiscal strategies and service needs across different regions. By understanding these differences, property owners can make more informed decisions and potentially seek tax appeal or exemption services.
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
1.08%
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 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 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% |
| 97266 | 0.87% | 0.99% | 1.09% | 1.24% | 1.39% |
| 97250 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Portland, Multnomah County, Oregon
When examining property taxes in Portland, 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 Portland. For example, the median home price in Portland is $522,135, with tax bills ranging significantly across the county. Zip code 97225 has the highest median home price at $1,159,200.
Property Tax Assessment Values Across Portland, Multnomah County, Oregon
Source: Ownwell
$140,700
$677,123
$1,213,545
Median Portland Market Value
$522,135
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 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 |
| 97266 | $283,435 | $342,398 | $391,500 | $467,802 | $576,285 |
| 97250 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Portland, Multnomah County, Oregon
In Portland, located within Multnomah County, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically lower than the market value, which helps to moderate tax bills. For Portland homeowners, property tax bills can vary significantly, with the 25th percentile at $4,019 and the 90th percentile reaching $11,184. The median home price in Portland is $522,135, which can lead to tax bills that are considerably higher than the national median property tax bill of $2,400. Factors affecting these bills include the home's assessed value, local levies, and voter-approved measures.
Homeowners in Portland can benefit from Ownwell's property tax appeal services, which aim to reduce tax liabilities by ensuring that properties are not over-assessed. Ownwell's team of experts analyzes property data and market trends to identify potential savings, providing a valuable service in a region where property tax bills can be substantial. This assistance can lead to significant financial relief for homeowners facing high tax burdens.
Median Portland Tax Bill
$5,381
Median Multnomah County Tax Bill
$5,046
Median Oregon Tax Bill
$3,628
Median United States Tax Bill
$2,400
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 |
| 97266 | $3,035 | $3,631 | $4,387 | $5,344 | $6,710 |
| 97250 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell