97377 Property Tax Rate

Property owners in ZIP code 97377 (Shedd, Oregon) pay a median of $3,882/year in property taxes on homes valued at $610,500. This translates to an effective tax rate of 0.64%, which is 14% below the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97377 is approximately $324, which factors into escrow payments on mortgages. This ZIP code is located within Linn County. This is $887 more than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97377 has higher property taxes. ZIP codes with similar effective rates include 97358 (0.64%) and 97037 (0.64%).

In Shedd, property taxes represent approximately 3.0% of the median household income of $130,223, 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.