97351 Property Tax Rate

Property owners in ZIP code 97351 (Independence, Oregon) pay a median of $3,260/year in property taxes on homes valued at $357,700. This translates to an effective tax rate of 0.91%, which is 23% above the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97351 is approximately $272, which factors into escrow payments on mortgages. This ZIP code is located within Polk County. This is $265 more than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97351 has higher property taxes. ZIP codes with similar effective rates include 97814 (0.91%) and 97720 (0.91%).

In Independence, property taxes represent approximately 3.8% of the median household income of $84,717, 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.