97371 Property Tax Rate

Property owners in ZIP code 97371 (Rickreall, Oregon) pay a median of $2,885/year in property taxes on homes valued at $323,300. This translates to an effective tax rate of 0.89%, which is 21% above the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97371 is approximately $240, which factors into escrow payments on mortgages. This ZIP code is located within Polk County.

Compared to similar ZIP codes in Oregon, 97371 has higher property taxes. ZIP codes with similar effective rates include 97303 (0.89%) and 97487 (0.89%).

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.