The Real Cost of Oregon Property Taxes: What Homeowners Need to Know!

In the early months of the epidemic, home sales in the United States experienced a dramatic increase. The homeownership rate in the United States increased from the first to the second quarter of 2020 by the biggest margin since records began being kept in the mid-1960s. Furthermore, property taxes are just one of the many additional costs associated with home ownership.

Local governments (such as municipalities, counties, and school districts) are the typical leviers of property taxes. Vehicles and watercraft are subject to additional taxes by many state governments.

Communities around the United States rely heavily on property taxes to pay for essential public services, including education, police enforcement, and infrastructure development. In fiscal 2020, property taxes were the largest source of revenue for states and local governments, surpassing even sales and income taxes. Between 16.8 and 64.0% of state tax revenue comes from property taxes. (Here’s a look at which counties in each state have the highest average tax burden for households.)

The Real Cost of Oregon Property Taxes

The sum Americans fork over a year in property taxes is determined by the local property tax rate and the property value. If the local property tax rate is 1% and the value of a single-family home in a given year is $200,000, the property tax payment would be $2,000.

According to the American Community Survey of the United States Census Bureau, Oregon will be the sixth most expensive housing market in the US in 2021, with a median home value of $422,700. Furthermore, Oregon had the 24th highest effective property tax rate in 2021 among the 50 states, as reported by the Tax Foundation, an independent nonprofit tax policy research group.

Recent events in Oregon and the most up-to-date details are summarized below.

In the meantime, Oregon’s state and local property tax revenues in fiscal year 2020 amounted to $1,730 per resident, compared to $1,810 nationally.

The Tax Foundation was used to collect and generate all tax information included in this article.

RankStateEffective property tax rate, 2021 (%)Per capita state & local prop. tax collections, FY2020 ($)Median home value, 2021 ($)
1New Jersey2.233,431389,800
3New Hampshire1.933,285345,200
12New York1.403,118368,800
13Rhode Island1.402,449348,100
17South Dakota1.171,606219,900
23North Dakota0.981,538224,400

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Neon Martin

Neon Martin is a talented content writer with a passion for crafting engaging, informative articles on a wide range of topics. With a keen eye for detail and a love of language, Neon has honed their writing skills over several years of experience in the field.Neon's work can be found on, where they contribute insightful articles that explore the many facets of life in Hillsboro and the surrounding areas. Whether delving into local events, highlighting community leaders, or sharing tips on living a healthy and fulfilling life, Neon's writing always captivates and informs.

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