97038 Property Tax Rate

Property owners in ZIP code 97038 (Molalla, Oregon) pay a median of $3,418/year in property taxes on homes valued at $452,200. This translates to an effective tax rate of 0.76%, which is near the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97038 is approximately $285, which factors into escrow payments on mortgages. This ZIP code is located within Clackamas County. This is $423 more than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97038 has higher property taxes. ZIP codes with similar effective rates include 97470 (0.76%) and 97388 (0.76%).

In Molalla, property taxes represent approximately 3.9% of the median household income of $87,585, providing context for the relative tax burden on homeowners in this area.

Under Measure 50, Clackamas County will reassess your property to market value at purchase, then cap annual growth at 3% — your tax base resets at closing regardless of the prior owner's value. Clackamas County offers senior and disabled exemption programs with income limits; contact the Clackamas County Assessor's office to determine eligibility and file your application within 30 days of purchase. Request your Notice of Assessment from the Clackamas County Assessor to confirm your assessed value has been recorded correctly and any exemptions are applied.