97368 Property Tax Rate

Property owners in ZIP code 97368 (Otis, Oregon) pay a median of $2,014/year in property taxes on homes valued at $302,200. This translates to an effective tax rate of 0.67%, which is 10% below the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97368 is approximately $168, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $981 less than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97368 has lower property taxes. ZIP codes with similar effective rates include 97848 (0.67%) and 97133 (0.67%).

In Otis, property taxes represent approximately 3.4% of the median household income of $59,267, 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 your acquisition price in the year following closing. Lincoln County does not offer a statewide homestead exemption; seniors 65+ and disabled homeowners should contact the Lincoln County Assessor's office within 30 days of purchase to inquire about county relief programs and file required applications. Review your Notice of Assessed Value carefully and file a formal appeal with the Lincoln County Assessor if the assessed value exceeds comparable property sales.