97324 Property Tax Rate

Property owners in ZIP code 97324 (Alsea, Oregon) pay a median of $1,500/year in property taxes on homes valued at $324,600. This translates to an effective tax rate of 0.46%, which is 38% below the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97324 is approximately $125, which factors into escrow payments on mortgages. This ZIP code is located within Benton County. This is $1,495 less than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97324 has higher property taxes. ZIP codes with similar effective rates include 97144 (0.46%) and 97499 (0.46%).

In Alsea, property taxes represent approximately 2.3% of the median household income of $65,781, 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 tax bill will be based on your buying price. Benton County does not offer a statewide homestead exemption; seniors 65+ and disabled homeowners should contact the Benton County Assessor immediately to apply for available county relief programs and confirm filing deadlines. Request your assessed value notice within 30 days of closing and file an appeal with the Benton County Assessor if the value exceeds comparable recent sales in your area.