97501 Property Tax Rate

Property owners in ZIP code 97501 (Medford, Oregon) pay a median of $2,422/year in property taxes on homes valued at $325,200. This translates to an effective tax rate of 0.74%, which is near the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97501 is approximately $202, which factors into escrow payments on mortgages. This ZIP code is located within Jackson County. This is $573 less than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97501 has lower property taxes. ZIP codes with similar effective rates include 97009 (0.74%) and 97391 (0.74%).

In Medford, property taxes represent approximately 3.9% of the median household income of $61,971, 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—your first tax bill will reflect your acquisition price. Jackson County does not offer a statewide homestead exemption; seniors 65+ and disabled homeowners should contact the Jackson County Assessor immediately after closing to inquire about county relief programs and file required applications. Request your assessed value notice and file an appeal with the Jackson County Assessor within 30 days of receipt if the value exceeds comparable property sales.