97348 Property Tax Rate

Property owners in ZIP code 97348 (Halsey, Oregon) pay a median of $2,562/year in property taxes on homes valued at $321,700. This translates to an effective tax rate of 0.80%, which is 8% above the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97348 is approximately $214, which factors into escrow payments on mortgages. This ZIP code is located within Linn County. This is $433 less than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97348 has lower property taxes. ZIP codes with similar effective rates include 97741 (0.80%) and 97423 (0.80%).

In Halsey, property taxes represent approximately 2.4% of the median household income of $107,273, 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.