97145 Property Tax Rate

Property owners in ZIP code 97145 (Tolovana Park, Oregon) pay a median of $5,063/year in property taxes on homes valued at $693,500. This translates to an effective tax rate of 0.73%, which is near the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97145 is approximately $422, which factors into escrow payments on mortgages. This ZIP code is located within Clatsop County. This is $2,068 more than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97145 has lower property taxes. ZIP codes with similar effective rates include 97875 (0.73%) and 97471 (0.73%).

In Tolovana Park, property taxes represent approximately 4.5% of the median household income of $113,500, providing context for the relative tax burden on homeowners in this area.

Oregon's Measure 50 resets your assessed value to the market value at purchase, with a 3% annual cap on increases — Clatsop County will establish your new tax base at closing. Clatsop County offers senior and disabled property tax exemption programs; contact the Clatsop County Assessor's office to review income thresholds and file your application within 30 days of purchase. Request your Notice of Assessment from the Clatsop County Assessor to verify your assessed value baseline and ensure all eligible exemptions are recorded on your property tax account.