97824 Property Tax Rate

Property owners in ZIP code 97824 (Cove, Oregon) pay a median of $2,265/year in property taxes on homes valued at $363,100. This translates to an effective tax rate of 0.62%, which is 16% below the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97824 is approximately $189, which factors into escrow payments on mortgages. This ZIP code is located within Union County. This is $730 less than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97824 has higher property taxes. ZIP codes with similar effective rates include 97828 (0.62%) and 97870 (0.63%).

In Cove, property taxes represent approximately 3.0% of the median household income of $74,271, providing context for the relative tax burden on homeowners in this area.

Oregon's Measure 50 resets your assessed value to market price at purchase, ending the prior owner's 3% annual increase protection — your first bill will reflect the full current market value. Union County offers no county-specific homestead exemption; contact the Union County Assessor to verify whether you qualify for state senior citizen property tax exemption (generally for owners 65+ with limited income) or veteran exemptions. Apply for any available exemptions with the Union County Assessor within 30 days of taking title.