Oregon Property Taxes Pass $10 Billion for the First Time as Schools Receive Largest Share

Oregon property taxes reached $10.07 billion in the 2025-26 fiscal year, an increase of 5.6% from the previous year, according to a new report from the Oregon Department of Revenue.

Oregon’s Total Property Tax Bill Rose 5.6 Percent

The Oregon Department of Revenue (ODoR)’s annual Oregon Property Tax Statistics report released on October 16 found that total assessed property value- the value used for taxation- increased by 5.1% to approximately $575 billion.

Since 1997-98, annual property tax growth has averaged 5.1%.

Several categories of property tax revenue grew at different rates. Local option taxes increased 9.2% from the previous fiscal year, reaching approximately $955 million and accounting for 9.5% of total property taxes imposed.

Local option property taxes are additional property taxes that local communities can approve to fund particular services or needs, on top of their permanent property tax rates. They generally require voter approval.

Bond taxes, which primarily fund capital projects, rose 7.3% to approximately $1.53 billion. Almost 67% of bond taxes imposed during the year were for education districts.

The statewide increase doesn’t mean every property owner’s bill rose by 5.6%. Individual bills depend on factors including assessed property value and the taxing districts that apply to each property. ODoR’s report provides statewide and local data on property values, tax collections, and the distribution of taxes among districts.

The latest figures refer to tax bills sent to property owners in October 2025, rather than bills issued in October 2026, and highlight the scale of property taxation as a source of funding for local government services across the state.

Schools Receive the Largest Share of Property Taxes

Oregon’s property taxes fund a broad range of local services, including education, municipal and county government, and specialist services such as fire protection, libraries, water, and parks.

The report found that 1,223 taxing districts imposed property taxes in the state during 2025-26. K-12 schools and Education Service Districts accounted for the largest share, receiving 41% of the total. Cities accounted for 21%, counties for 17%, and community colleges for 4%. Other special districts collectively accounted for 15%.