ZIP Code 97229

In ZIP code 97229, near Portland, homes carry a median value of $782,100, and the county-level property tax rate of 0.84% yields an annual bill of roughly $6,570. Households here report a median income of $161,570, with per-capita income at $74,120, so that tax equals about 4% of a typical household's earnings. Oregon collects no combined sales tax in this ZIP, meaning the cost of daily purchases doesn't add to the housing expense. Even with elevated home prices, the low effective rate and strong local earnings keep the yearly tax obligation within reach.