97321 Property Tax Rate

Property owners in ZIP code 97321 (Albany, Oregon) pay a median of $4,451/year in property taxes on homes valued at $442,400. This translates to an effective tax rate of 1.01%, which is 36% above the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97321 is approximately $371, which factors into escrow payments on mortgages. This ZIP code is located within Linn County. This is $1,456 more than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97321 has lower property taxes. ZIP codes with similar effective rates include 97216 (1.01%) and 97210 (1.01%).

In Albany, property taxes represent approximately 4.7% of the median household income of $95,687, 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 at purchase—your first-year tax bill will reflect your acquisition price. Linn County does not offer a statewide homestead exemption; seniors 65+ and disabled homeowners should apply for county-specific relief programs by contacting the Linn County Assessor immediately after closing to verify eligibility. Review your Notice of Assessed Value within 30 days of receipt and file a formal appeal with the Linn County Assessor if the assessed value exceeds recent comparable sales.