97401 Property Tax Rate

Property owners in ZIP code 97401 (Eugene, Oregon) pay a median of $4,983/year in property taxes on homes valued at $472,200. This translates to an effective tax rate of 1.06%, which is 43% above the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97401 is approximately $415, which factors into escrow payments on mortgages. This ZIP code is located within Lane County. This is $1,988 more than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97401 has higher property taxes. ZIP codes with similar effective rates include 97086 (1.06%) and 97403 (1.05%).

In Eugene, property taxes represent approximately 9.7% of the median household income of $51,244, 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 tax bill will be based on your buying price. Lane County does not offer a statewide homestead exemption; seniors 65+ and disabled homeowners must apply for county-specific relief through the Lane County Assessor's office within 30 days of closing. Request your assessed value notice, file an appeal with the Lane County Assessor within 30 days of receipt if the value exceeds comparable sales, and note that appeals must be filed before the statutory deadline to preserve your right to further relief.