Salem, Lincoln County, Oregon Property Taxes

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

Median Salem, OR effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Oregon state median of 0.86%.
Median Salem, OR home value: $314,570
Median annual Salem, OR tax bill: $2,405, $5 higher than the national median property tax bill of $2,400.

How are property taxes in Lincoln calculated?

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

Last Updated March 1, 2025

Salem, Lincoln County, Oregon Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$2,391

$2,219

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

Property Tax Rates Across Salem, Lincoln County, Oregon

Local government entities determine tax rates, leading to significant variations within Oregon. This process involves each county estimating its necessary budget for services and dividing it by the total value of all taxable properties in the area, resulting in the property tax rate. While setting these rates and budgets involves votes and laws, this is the essence of the annual process.

In Salem, situated in Lincoln County, the effective property tax rate stands at 0.76%, which is below the national median of 1.02%. This lower rate might be appealing to property owners seeking to minimize their tax burden. When compared to other cities in Oregon, Salem offers a more favorable tax environment, making it an attractive option for both residents and investors. The median property tax rate in Oregon is also lower than the national median, further highlighting the state's competitive tax landscape. By understanding these nuances, property owners in Salem can make informed decisions and potentially benefit from appealing or seeking exemptions to optimize their property tax situation.

Property Tax Rates Across Salem, Lincoln County, Oregon

Source: Ownwell

0.58%

0.79%

1.01%

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 Salem Tax Rate

0.76%

Median Effective Lincoln County Tax Rate

0.84%

Median Effective Oregon Tax Rate

0.86%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Salem, Lincoln County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
97302	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Salem, Lincoln County, Oregon

When examining property taxes in Salem, 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 Lincoln County Assessor's Office 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. Assessment notices: In Lincoln 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 Salem. For example, the median home price in Salem is $314,570, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Salem, Lincoln County, Oregon

Source: Ownwell

$165,575

$338,625

$511,675

Median Salem Market Value

$314,570

Median Lincoln County Market Value

$341,090

Median Oregon Market Value

$438,140

Median United States Market Value

$235,294

Property Tax Assessment Values Across Salem, Lincoln County, Oregon

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
97302	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Salem, Lincoln County, Oregon

In Salem, located in Lincoln County, Oregon, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is generally lower than the market value, reflecting a percentage set by local authorities. With a median home price of $314,570, homeowners in Salem encounter a median property tax bill of $2,405. This figure aligns closely with the national median property tax bill of $2,400, offering a comparative perspective on the tax burden faced by residents.

Factors influencing the tax bill include the property's location, size, and any applicable exemptions. Homeowners may feel the impact of their property tax bills on their overall financial well-being, as these costs are a significant component of homeownership expenses.

Ownwell assists homeowners by providing expert property tax appeal and exemption services. By leveraging local market knowledge and tax regulations, Ownwell helps homeowners identify potential savings, ensuring they pay only their fair share. This can lead to substantial reductions in property tax bills, providing financial relief and peace of mind.

Property Tax Bills Across Salem, Lincoln County, Oregon

Source: Ownwell

$1,057

$2,479

$3,900

Median Salem Tax Bill

$2,405

Median Lincoln County Tax Bill

$2,817

Median Oregon Tax Bill

$3,628

Median United States Tax Bill

$2,400

Property Tax Bills Across Salem, Lincoln County, Oregon

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
97302	N/A	N/A	N/A	N/A	N/A

Source: Ownwell