97601 Property Tax Rate

Property owners in ZIP code 97601 (Klamath Falls, Oregon) pay a median of $1,883/year in property taxes on homes valued at $266,500. This translates to an effective tax rate of 0.71%, which is 4% below the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97601 is approximately $157, which factors into escrow payments on mortgages. This ZIP code is located within Klamath County. This is $1,112 less than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97601 has lower property taxes. ZIP codes with similar effective rates include 97381 (0.71%) and 97756 (0.71%).

In Klamath Falls, property taxes represent approximately 3.5% of the median household income of $53,333, 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—expect your tax bill to reflect your buying price in the year following closing. Klamath County does not offer a statewide homestead exemption; seniors 65+ and disabled homeowners should contact the Klamath County Assessor within 30 days of purchase to apply for available county relief programs. Request your Notice of Assessed Value and file a formal appeal with the Klamath County Assessor if the assessed value exceeds comparable recent sales.