Property Tax Calculator for Portland, OR
Updated 2026 · Local data pre-filled
Property taxes in Portland run approximately 0.92% of assessed value. On the median home of $490,000, that's roughly $4,508/year ($376/mo). This is below the national average rate of 1.10%.
✓ Calculator below is pre-filled with Portland local data
How Portland Compares to the National Average
Understanding how Portland stacks up helps you calibrate your financial planning.
| Metric | Portland, OR | US Average | Difference |
|---|---|---|---|
| Median Home Price | $490,000 | $420,800 | +16.4% |
| Median Monthly Rent | $1,395 | $1,713 | -18.6% |
| Median Household Income | $81,200 | $74,580 | +8.9% |
| Property Tax Rate | 0.92% | 1.10% | -16.4% |
| Cost of Living Index | 123 | 100 | +23.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Portland Financial Snapshot
- Population (Metro)
- 2,520,000
- Unemployment
- 4.2%
- Avg Commute
- 26 min
- Median Age
- 37
- Price-to-Rent Ratio
- 29.3x
- Annual Property Tax
- $4,508
Property Tax Calculator in Other Oregon Cities
Frequently Asked Questions — Portland
What is the median home price in Portland, OR?
The median home price in Portland is $490,000 as of 2025–2026. This is above the national median of $420,800.
What is the average rent in Portland?
Median monthly rent in Portland is $1,395. That works out to $16,740/year, or 21% of the median household income — within the commonly recommended 30% of income guideline.
Is Portland affordable?
Portland's cost of living index is 123 vs. the national average of 100. With a median household income of $81,200/year and a median home price of $490,000, the price-to-income ratio is 6.0x. This makes homeownership a significant stretch for the typical Portland household.
What is the property tax rate in Portland?
The effective property tax rate in Portland is 0.92% of assessed value. On the median home of $490,000, that's roughly $4,508/year ($376/month).