Oregon

Oregon has an effective property tax rate of 0.87%, with a median annual property tax of $3,480. Properties are assessed at 100.0% of market value and reassessed annual (measure 50 caps assessed value growth at 3% per year; real market value assessed annually). Payments are due annual.

Effective Rate

0.87%

Assessment Ratio

100.0%

Median Annual Tax

$3,480

Payment Frequency

Annual

Appeal Deadline

By December 31 to County Board of Property Tax Appeals (BOPTA); then to Oregon Tax Court by following July

Due Dates

Due November 15. 3% discount for full early payment. 2/3 due November 15 and 1/3 due February 15 option.

Reassessment Cycle

Annual (Measure 50 caps assessed value growth at 3% per year; real market value assessed annually)

Homestead Exception

No standard homestead exemption. Senior/disabled property tax deferral program available (interest rate 6%). Disabled veteran exemption up to $28,045. Oregon Property Tax Deferral for Seniors and Disabled.

Key Notes

Measure 5 (1990) caps tax rates at $5/$1,000 for education, $10/$1,000 for general government. Measure 50 (1997) rolled back assessed values to 90% of 1995-96 levels and caps increases at 3%/year. Gap between assessed and real market value can be large.

Late Penalty

1.33% per month interest on delinquent taxes; property subject to foreclosure after 3 years delinquency

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