97864 Property Tax Rate

Property owners in ZIP code 97864 (Monument, Oregon) pay a median of $933/year in property taxes on homes valued at $507,800. This translates to an effective tax rate of 0.18%, which is 75% below the Oregon state average of 0.74%.

The monthly property tax burden for a median-valued home in 97864 is approximately $78, which factors into escrow payments on mortgages. This ZIP code is located within Grant County. This is $2,062 less than the Oregon average of $2,995/year.

Compared to similar ZIP codes in Oregon, 97864 has higher property taxes. ZIP codes with similar effective rates include 97626 (0.17%) and 97736 (0.23%).

In Monument, property taxes represent approximately 2.5% of the median household income of $37,336, providing context for the relative tax burden on homeowners in this area.

Under Oregon's Measure 50, your property's assessed value will reset to the purchase price at sale, breaking the 3% annual growth cap that applied to the prior owner. Grant County does not maintain a county homestead exemption, but the Grant County Assessor administers senior citizen and disabled person property tax deferral programs — eligibility typically requires age 62+ or permanent disability and low income. File your deferral or exemption application with the Grant County Assessor immediately upon purchase to lock in your tax status for the current year.