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How Much is Property Tax on a $1,000,000 Home in Oregon?
Property tax on a $1,000,000 home in Oregon typically ranges from $5,000 to $14,000 per year (roughly $417 to $1,167/month), depending on the county. Based on the statewide average effective rate of 0.87%, you can expect to pay around $8,700/year, or $725/month. Oregon limits property tax rates and assessment growth; under Measure 5, taxes on a property can't exceed $15 per $1,000 of real market value for school-related taxes and $10 per $1,000 for general government.