Oregon Real Estate Practice Test 2026 - Free Real Estate Practice Questions and Study Guide

The property tax rate in Oregon is determined based on the assessed value of the property as well as the applicable local tax rates. This method accounts for the local jurisdiction's needs for funding public services, such as education, infrastructure, and emergency services.

The assessed value is calculated according to state guidelines, which consider both the market value and limitations placed on property tax increases through measures such as Measure 50, which was enacted to stabilize property taxes. As a result, the assessed value is generally lower than the market value, aligning property taxation more closely with local community requirements rather than fluctuating market conditions. Therefore, the combination of assessed value and local tax rates drives the overall property tax calculation in Oregon.