Property Taxes in Portland, Oregon
Median Portland, Oregon effective property tax rate: 1.08%, significantly higher than the national median of 1.02%, and higher than the Oregon state median of 0.87%.
Median Portland, Oregon home value: $521,760
Median annual Portland, Oregon tax bill: $5,394, $2,994 higher than the national median property tax bill of $2,400.
How are property taxes in Multnomah calculated?
Property taxes in Portland, Oregon 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 April 13, 2026
How Does the Portland Property Tax Calculator Work?
Use this Portland property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Portland's median effective tax rate of 1.08% — based on actual property records in Multnomah County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Portland's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Portland: rates range from $4,091 in 97233 to $15,566 in 97225, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Portland.
About Portland Property Taxes
About Property Taxes in Portland, Multnomah, Oregon
Portland’s median effective property tax rate of 1.08% is higher than the Oregon state median of 0.87% and higher than the national median of 1.02%. This rate reflects the Multnomah County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Portland. Homeowners in the 97204 ZIP code carry a median effective rate of 1.81%, while those in 97211 pay 0.78%. This spread — 1.03 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Multnomah County. Understanding which part of Portland you live in can make a meaningful difference to your annual tax bill.
Portland homeowners who believe their assessed value is too high can file a formal appeal with the local tax assessor before the December 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Portland, Multnomah County, Oregon
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Portland's effective property tax rate to other cities in Oregon and the median property tax rates in Oregon and the U.S.
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
0.87%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Portland, Multnomah County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97201 | 1.43% | 1.68% | 1.80% | 1.87% | 1.90% |
| 97202 | 0.86% | 0.94% | 1.06% | 1.23% | 1.40% |
| 97203 | 0.69% | 0.78% | 0.89% | 1.04% | 1.22% |
| 97204 | 1.67% | 1.77% | 1.81% | 1.84% | 1.86% |
| 97205 | 1.42% | 1.58% | 1.78% | 1.80% | 1.85% |
| 97206 | 0.84% | 0.91% | 0.99% | 1.09% | 1.22% |
| 97209 | 1.57% | 1.70% | 1.80% | 1.88% | 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 | 0.56% | 0.92% | 1.09% | 1.21% | 1.35% |
| 97213 | 0.83% | 0.93% | 1.03% | 1.14% | 1.26% |
| 97214 | 0.83% | 0.90% | 1.00% | 1.13% | 1.36% |
| 97215 | 0.87% | 0.95% | 1.04% | 1.13% | 1.26% |
| 97216 | 0.89% | 0.99% | 1.07% | 1.16% | 1.27% |
| 97217 | 0.61% | 0.71% | 0.81% | 1.01% | 1.38% |
| 97218 | 0.72% | 0.84% | 0.95% | 1.08% | 1.23% |
| 97219 | 1.01% | 1.13% | 1.27% | 1.44% | 1.63% |
| 97220 | 0.81% | 0.91% | 1.03% | 1.15% | 1.26% |
| 97221 | 1.07% | 1.17% | 1.28% | 1.46% | 1.67% |
| 97222 | 0.93% | 1.04% | 1.10% | 1.22% | 1.33% |
| 97225 | 1.13% | 1.28% | 1.35% | 1.41% | 1.49% |
| 97227 | 0.31% | 0.44% | 0.78% | 1.06% | 1.43% |
| 97229 | 1.16% | 1.51% | 1.73% | 1.79% | 1.81% |
| 97230 | 0.84% | 0.94% | 1.13% | 1.28% | 1.47% |
| 97231 | 0.75% | 0.92% | 1.18% | 1.42% | 1.77% |
| 97232 | 0.87% | 1.03% | 1.19% | 1.39% | 1.74% |
| 97233 | 0.83% | 0.95% | 1.07% | 1.15% | 1.28% |
| 97236 | 0.79% | 0.98% | 1.11% | 1.24% | 1.38% |
| 97239 | 1.14% | 1.26% | 1.47% | 1.74% | 1.81% |
| 97266 | 0.87% | 1.00% | 1.10% | 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 assessor 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 Multnomah County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of October.
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 $521,760, with tax bills ranging significantly across the county. 97225 has the highest median home price at $1,159,200.
Property Tax Assessment Values Across Portland, Multnomah County, Oregon
Source: Ownwell
$5,470
$617,278
$1,229,085
Median Portland Market Value
$521,760
Median Multnomah County Market Value
$496,160
Median Oregon Market Value
$450,850
Median United States Market Value
$274,101
Property Tax Assessment Values Across Portland, Multnomah County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97201 | $18,150 | $235,325 | $441,100 | $886,260 | $1,322,311 |
| 97202 | $463,904 | $538,962 | $633,200 | $778,075 | $958,325 |
| 97203 | $361,490 | $413,895 | $468,890 | $545,270 | $646,489 |
| 97204 | $345,724 | $369,790 | $430,240 | $474,540 | $574,612 |
| 97205 | $175,150 | $282,280 | $432,190 | $950,345 | $1,315,272 |
| 97206 | $362,238 | $412,465 | $477,110 | $564,085 | $670,914 |
| 97209 | $2,710 | $18,150 | $288,285 | $479,342 | $756,660 |
| 97210 | $310,510 | $493,418 | $862,700 | $1,152,055 | $1,412,655 |
| 97211 | $425,724 | $504,020 | $578,660 | $674,620 | $795,320 |
| 97212 | $529,606 | $642,750 | $766,130 | $941,675 | $1,173,386 |
| 97213 | $419,921 | $486,728 | $572,130 | $678,650 | $807,771 |
| 97214 | $477,483 | $588,948 | $697,455 | $831,225 | $989,571 |
| 97215 | $462,008 | $542,475 | $646,150 | $773,955 | $937,604 |
| 97216 | $316,566 | $362,375 | $415,110 | $488,165 | $563,580 |
| 97217 | $297,230 | $445,010 | $525,760 | $608,750 | $707,592 |
| 97218 | $293,444 | $411,800 | $489,710 | $583,470 | $705,248 |
| 97219 | $430,071 | $519,840 | $630,605 | $773,920 | $989,128 |
| 97220 | $322,225 | $366,528 | $418,750 | $494,975 | $590,810 |
| 97221 | $501,904 | $608,010 | $779,760 | $978,030 | $1,323,172 |
| 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 | $368,105 | $523,870 | $618,245 | $737,460 | $871,470 |
| 97229 | $437,353 | $616,728 | $923,270 | $1,138,838 | $1,381,373 |
| 97230 | $302,500 | $374,335 | $437,765 | $505,660 | $586,210 |
| 97231 | $301,640 | $441,362 | $646,105 | $966,210 | $1,233,300 |
| 97232 | $251,730 | $489,050 | $693,900 | $840,920 | $988,444 |
| 97233 | $247,745 | $338,505 | $382,985 | $438,878 | $511,805 |
| 97236 | $161,822 | $340,370 | $410,350 | $518,860 | $637,308 |
| 97239 | $316,734 | $478,920 | $665,300 | $879,120 | $1,117,844 |
| 97266 | $280,160 | $341,870 | $391,265 | $467,308 | $575,983 |
| 97250 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Portland, Multnomah County, Oregon
Property tax bills in Portland are based on the assessed value of a home, not its market price alone. Local taxing authorities apply tax rates to that assessed value to determine the final bill, so changes in assessment can directly affect what homeowners owe.
In Portland, the median home price is $521,760, and property tax bills vary widely across the city. The 25th percentile tax bill is $4,028, while the 75th percentile is $7,702 and the 90th percentile reaches $11,218. That spread shows how location, assessed value, and local tax rates can create very different outcomes for similar homes.
Homeowners in higher-value or more heavily taxed areas may see much larger bills, while others pay closer to the lower end of the range. The highest median tax bill is $15,566 in ZIP code 97225, compared with $4,091 in ZIP code 97233. Understanding how your assessment is calculated can help you better anticipate your property tax bill and spot when it may be too high.
Median Portland Tax Bill
$5,394
Median Multnomah County Tax Bill
$5,059
Median Oregon Tax Bill
$3,806
Median United States Tax Bill
$3,209
Property Tax Bills Across Portland, Multnomah County, Oregon
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97201 | $344 | $4,258 | $7,380 | $14,659 | $21,989 |
| 97202 | $4,393 | $5,354 | $6,710 | $8,822 | $11,934 |
| 97203 | $2,851 | $3,394 | $4,163 | $5,224 | $6,588 |
| 97204 | $5,660 | $6,543 | $7,747 | $8,399 | $9,658 |
| 97205 | $2,551 | $4,905 | $7,430 | $14,977 | $20,871 |
| 97206 | $3,379 | $3,970 | $4,768 | $5,787 | $7,106 |
| 97209 | $51 | $344 | $5,037 | $8,411 | $12,757 |
| 97210 | $4,792 | $7,451 | $12,096 | $17,028 | $22,144 |
| 97211 | $2,251 | $3,172 | $4,467 | $6,028 | $8,175 |
| 97212 | $3,318 | $5,976 | $8,471 | $10,884 | $13,981 |
| 97213 | $3,842 | $4,723 | $5,832 | $7,306 | $9,114 |
| 97214 | $4,603 | $5,617 | $6,984 | $8,732 | $10,978 |
| 97215 | $4,444 | $5,417 | $6,705 | $8,314 | $10,368 |
| 97216 | $3,194 | $3,781 | $4,536 | $5,351 | $6,152 |
| 97217 | $2,585 | $3,437 | $4,314 | $5,453 | $7,337 |
| 97218 | $3,168 | $3,863 | $4,794 | $5,816 | $6,965 |
| 97219 | $4,865 | $6,243 | $7,913 | $10,251 | $13,619 |
| 97220 | $2,900 | $3,528 | $4,367 | $5,297 | $6,393 |
| 97221 | $6,105 | $7,513 | $9,944 | $13,648 | $18,728 |
| 97222 | $4,497 | $5,380 | $6,458 | $7,368 | $8,517 |
| 97225 | $8,617 | $11,733 | $15,566 | $20,101 | $25,974 |
| 97227 | $1,541 | $2,485 | $4,489 | $6,485 | $8,671 |
| 97229 | $6,908 | $9,266 | $14,855 | $18,909 | $22,972 |
| 97230 | $3,005 | $3,810 | $4,833 | $6,120 | $7,157 |
| 97231 | $2,980 | $4,812 | $7,261 | $11,257 | $19,129 |
| 97232 | $3,865 | $5,164 | $7,605 | $9,931 | $12,316 |
| 97233 | $2,760 | $3,415 | $4,091 | $4,882 | $5,693 |
| 97236 | $2,655 | $3,678 | $4,627 | $5,847 | $7,853 |
| 97239 | $5,056 | $6,832 | $9,105 | $12,589 | $17,444 |
| 97266 | $3,028 | $3,636 | $4,393 | $5,354 | $6,729 |
| 97250 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 31 |
Links | |
|---|---|
| Multnomah Tax Assessor | |
| Website | multcoproptax.com |