97306 Property Tax Rate
Salem, Oregon · Part of Marion County
Effective Tax Rate
1.04%
52.8% above state avgMedian Annual Tax
$4,576
$381/mo escrow
Estimate Your Tax
Annual Tax
$4,576
Monthly
$381
Eff. Rate
1.04%
Buyer decision brief
What ZIP 97306 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
$381/mo
Based on median annual tax paid
State context
0.30 percentage points above the Oregon average
Oregon average: 0.74%
Data confidence
High confidenceThe Census margin of error is $207, about 5% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Marion 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 97306 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
$207 tax MOE, 5% 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
Marion County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 97306
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 $438,900, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 1.04%, 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 $381 per month before insurance, HOA dues, or special assessments.
Assessor verification
Marion County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 97306 Compares
Median Annual Property Tax
ZIP 97306
1.04%
Effective rate
Oregon Avg
0.74%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Oregon
Higher than 95% of ZIP codes in Oregon(95th percentile, 373 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 97306
Property owners in ZIP code 97306 (Salem, Oregon) pay a median of $4,576/year in property taxes on homes valued at $438,900. This translates to an effective tax rate of 1.04%, which is 41% above the Oregon state average of 0.74%.
The monthly property tax burden for a median-valued home in 97306 is approximately $381, which factors into escrow payments on mortgages. This ZIP code is located within Marion County. This is $1,581 more than the Oregon average of $2,995/year.
Compared to similar ZIP codes in Oregon, 97306 has higher property taxes. ZIP codes with similar effective rates include 97330 (1.04%) and 97302 (1.04%).
In Salem, property taxes represent approximately 5.1% of the median household income of $89,773, providing context for the relative tax burden on homeowners in this area.
Under Oregon's Measure 50, your property's assessed value will reset to market value at purchase, then be capped at 3% annual growth going forward — Marion County will establish your new tax base at closing. Marion County offers Senior/Disabled exemption programs for qualifying homeowners; contact the Marion County Assessor's office to determine your eligibility and income thresholds. File any exemption applications with the Marion County Assessor within 30 days of purchase and request a copy of your tax statement to verify the correct assessed value has been recorded.
Frequently Asked Questions
What is the property tax rate in ZIP code 97306?
How much are property taxes in Salem, OR (97306)?
How does ZIP 97306 compare to the Oregon average?
What is the median home value in ZIP 97306?
What county is ZIP code 97306 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$207. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 97306 is part of Marion County, Oregon. View the full county profile for broader context and more data.
View Marion 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 97306
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
97304
Salem, OR
0.06 percentage points lower than ZIP 97306.
Rate
0.98%
Tax
$4,597
Quality
94
97305
Salem, OR
0.18 percentage points lower than ZIP 97306.
Rate
0.86%
Tax
$2,920
Quality
101
97301
Salem, OR
0.17 percentage points lower than ZIP 97306.
Rate
0.87%
Tax
$2,718
Quality
101
97317
Salem, OR
0.16 percentage points lower than ZIP 97306.
Rate
0.89%
Tax
$3,394
Quality
101
97303
Salem, OR
0.15 percentage points lower than ZIP 97306.
Rate
0.89%
Tax
$3,531
Quality
101
97302
Salem, OR
0.00 percentage points lower than ZIP 97306.
Rate
1.04%
Tax
$4,318
Quality
101
97342
Detroit, OR
0.48 percentage points lower than ZIP 97306.
Rate
0.56%
Tax
$1,729
Quality
84
97020
Donald, OR
0.43 percentage points lower than ZIP 97306.
Rate
0.62%
Tax
$2,078
Quality
84
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.