97040 Property Tax Rate

Property owners in ZIP code 97040 (Mosier, Oregon) pay a median of $2,627/year in property taxes on homes valued at $413,900. This translates to an effective tax rate of 0.63%, which is 14% below the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97040 is approximately $219, which factors into escrow payments on mortgages. This ZIP code is located within Wasco County. This is $368 less than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97040 has higher property taxes. ZIP codes with similar effective rates include 97037 (0.64%) and 97636 (0.63%).

In Mosier, property taxes represent approximately 3.4% of the median household income of $77,500, providing context for the relative tax burden on homeowners in this area.

Under Oregon's Measure 50, Wasco County will reassess your property to market value at purchase with a 3% annual cap on future increases — your tax base resets at closing. Wasco County offers senior and disabled exemption programs; contact the Wasco County Assessor's office to determine your eligibility and required documentation within 30 days of purchase. File your exemption application with the Wasco County Assessor and request your Notice of Assessment to verify your assessed value and confirm any exemption credits have been recorded.