97304 Property Tax Rate
Salem, Oregon · Part of Polk County
Effective Tax Rate
0.98%
53.5% above state avgMedian Annual Tax
$4,597
$383/mo escrow
Estimate Your Tax
Annual Tax
$4,597
Monthly
$383
Eff. Rate
0.98%
Buyer decision brief
What ZIP 97304 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$383/mo
Based on median annual tax paid
State context
0.24 percentage points above the Oregon average
Oregon average: 0.74%
Data confidence
High confidenceThe Census margin of error is $139, about 3% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Polk County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 97304 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$139 tax MOE, 3% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Polk County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 97304
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $469,500, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.98%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Oregon and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $383 per month before insurance, HOA dues, or special assessments.
Assessor verification
Polk County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 97304 Compares
Median Annual Property Tax
ZIP 97304
0.98%
Effective rate
Oregon Avg
0.74%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Oregon
Higher than 88% of ZIP codes in Oregon(88th percentile, 373 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 97304
Property owners in ZIP code 97304 (Salem, Oregon) pay a median of $4,597/year in property taxes on homes valued at $469,500. This translates to an effective tax rate of 0.98%, which is 32% above the Oregon state average of 0.74%.
The monthly property tax burden for a median-valued home in 97304 is approximately $383, which factors into escrow payments on mortgages. This ZIP code is located within Polk County. This is $1,602 more than the Oregon average of $2,995/year.
Compared to similar ZIP codes in Oregon, 97304 has higher property taxes. ZIP codes with similar effective rates include 97060 (0.98%) and 97215 (0.98%).
In Salem, property taxes represent approximately 5.0% of the median household income of $91,731, 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 reflect the new purchase price in the year following closing. Polk County does not offer a statewide homestead exemption; however, seniors 65+ and disabled homeowners should contact the Polk County Assessor to inquire about available county relief programs and file applications before the assessment deadline. File a written appeal with the Polk County Assessor within 30 days of receiving your Notice of Assessed Value if you believe the assessed value exceeds the fair market value of comparable properties.
Frequently Asked Questions
What is the property tax rate in ZIP code 97304?
How much are property taxes in Salem, OR (97304)?
How does ZIP 97304 compare to the Oregon average?
What is the median home value in ZIP 97304?
What county is ZIP code 97304 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$139. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 97304 is part of Polk County, Oregon. View the full county profile for broader context and more data.
View Polk County on TaxByCounty →Explore Salem, OR
View all 7 ZIP codes in Salem with property tax comparisons.
View Salem Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 97304
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
97301
Salem, OR
0.10 percentage points lower than ZIP 97304.
Rate
0.87%
Tax
$2,718
Quality
94
97302
Salem, OR
Same city name, different county context: Marion County.
Rate
1.04%
Tax
$4,318
Quality
94
97303
Salem, OR
0.09 percentage points lower than ZIP 97304.
Rate
0.89%
Tax
$3,531
Quality
94
97305
Salem, OR
0.12 percentage points lower than ZIP 97304.
Rate
0.86%
Tax
$2,920
Quality
94
97306
Salem, OR
Same city name, different county context: Marion County.
Rate
1.04%
Tax
$4,576
Quality
94
97317
Salem, OR
0.09 percentage points lower than ZIP 97304.
Rate
0.89%
Tax
$3,394
Quality
94
97344
Falls City, OR
0.44 percentage points lower than ZIP 97304.
Rate
0.54%
Tax
$1,604
Quality
84
97338
Dallas, OR
0.26 percentage points lower than ZIP 97304.
Rate
0.71%
Tax
$2,775
Quality
89
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.