With a 9.9% top income tax rate and 0.87% property tax, Oregon homeowners face a significant combined tax burden. This calculator is pre-filled with Oregon numbers: $480,000 median price, 0.87% property tax, $1,150/year insurance.
Last updated: March 13, 2026
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Monthly Payment (Oregon)$0
Loan Details — Oregon
Oregon median: $480,000
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Below 20% triggers PMI on conventional loans
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Average 30-year fixed ~6.75% (March 2026)
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Oregon average: 0.87%
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Oregon average: $1,150/yr
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Oregon Metro Area Home Prices
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Yearly Amortization Schedule+
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Oregon's Tax Landscape and Your Mortgage
Oregon uses a progressive income tax with a top rate of 9.9%. A household earning $150,000 pays an estimated $9,653-$12,623 in state income tax, depending on filing status and deductions. That's $928/month less available for housing costs.
At the state's median home price of $480,000, the $0.87% property tax rate adds $348/month to your mortgage payment. That's $4,176/year — below the national median of ~1.1%.
Property Taxes Across Oregon
The 0.87% statewide average masks significant variation. Measure 5 limits property taxes to $10/$1,000 for education, $5/$1,000 for general government
Price ranges across the state: Portland has a median of $510,000, while Salem sits at $375,000 — a $135,000 gap that dramatically changes your monthly payment. At $0.87% property tax, that price difference alone means $98/month more in property tax in Portland.
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Homebuyer Programs and Exemptions
Oregon offers several programs for homebuyers:
Oregon Housing Cash Advantage with 3% cash grant
Oregon Bond Residential Loan program with competitive rates
Homestead exemption: No general homestead tax exemption; senior/disabled property tax deferral program available
Oregon-Specific Considerations
No sales tax — one of 5 states
High income tax with 9.9% top rate (kicks in at relatively low income ~$125K single)
Portland metro levies additional local income taxes: Arts Tax ($35 flat), Multnomah County Preschool For All (1.5-3%), Metro Supportive Housing (1%)
Combined Portland marginal rate can exceed 13% for high earners
Measure 5 limits property taxes to $10/$1,000 for education, $5/$1,000 for general government
Compare Oregon Mortgage Rates
See personalized rates from Oregon lenders. LendingTree matches you with up to 5 offers so you can compare and save.
0.39% property tax, 5% top rate. Median home: $232,500.
Alaska Mortgage Calculator
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1.04% property tax, no income tax. Median home: $340,000.
Arizona Mortgage Calculator
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0.62% property tax, 2.5% top rate. Median home: $395,000.
Frequently Asked Questions
What is the average property tax rate in Oregon?
The average effective property tax rate in Oregon is 0.87%. On a $480,000 home (the state median), that works out to approximately $4,176/year or $348/month added to your mortgage payment. Property tax rates vary by county and school district within Oregon — always check your specific jurisdiction's rate. Homestead exemption: No general homestead tax exemption; senior/disabled property tax deferral program available
How much does homeowners insurance cost in Oregon?
The average annual homeowners insurance premium in Oregon is approximately $1,150 ($96/month). This is below the national average of approximately $1,500/year. Actual premiums depend on your home's location, age, construction type, and coverage limits.
What first-time homebuyer programs are available in Oregon?
Oregon Housing Cash Advantage with 3% cash grant. Oregon Bond Residential Loan program with competitive rates. These programs typically have income limits, purchase price caps, and may require homebuyer education courses. Check the Oregon housing finance agency website for current eligibility requirements and application deadlines.
How does Oregon's 9.9% income tax affect home affordability?
Oregon's top income tax rate of 9.9% reduces your take-home pay, which affects how much mortgage you can comfortably carry. On a $150,000 salary, state income tax takes roughly $9,653-$12,623/year (effective rate is lower than the top marginal rate). Combined with 0.87% property tax, the total tax burden in Oregon is above average. Use our paycheck calculator to see your exact take-home pay.
What is the conforming loan limit in Oregon?
The 2026 conforming loan limit in Oregon is $806,500. Loans above this amount are considered jumbo loans and typically carry higher interest rates (0.25-0.5% premium), require larger down payments (10-20%), and have stricter qualification requirements including higher credit scores (700+) and lower debt-to-income ratios.
This calculator is for educational purposes. Tax rates and insurance costs are based on Oregon state averages and may not reflect your specific county, school district, or municipality. Consult a financial professional for advice specific to your situation.