97147 Property Tax Rate

Property owners in ZIP code 97147 (Wheeler, Oregon) pay a median of $2,651/year in property taxes on homes valued at $412,200. This translates to an effective tax rate of 0.64%, which is 13% below the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97147 is approximately $221, which factors into escrow payments on mortgages. This ZIP code is located within Tillamook County. This is $344 less than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97147 has higher property taxes. ZIP codes with similar effective rates include 97530 (0.64%) and 97754 (0.64%).

In Wheeler, property taxes represent approximately 4.7% of the median household income of $56,333, providing context for the relative tax burden on homeowners in this area.

Under Oregon's Measure 50, your assessed value is capped at 3% annual increase, but resets to market value upon purchase—expect your tax bill to jump to the new assessed value in the year following closing. Tillamook County offers no statewide homestead exemption, but seniors 65+ and disabled homeowners may qualify for county-specific relief programs; contact the Tillamook County Assessor's office immediately after purchase to confirm eligibility and file required documentation. Request a copy of your assessed value notice within 30 days of closing and file a formal appeal with the Tillamook County Assessor if the value exceeds comparable sales in your neighborhood.