Portland, OR — income, home value, property tax, and sales tax.
In ZIP 97233, near Portland, homes carry a median value of $414,600, and the county's 0.96% effective property tax rate works out to roughly $3,980 a year on such a home. With median household income at $60,198 and per-capita income of $29,113, that tax equals about 6.6% of household earnings. No combined sales tax applies here, so purchases aren't adding to the load. The relationship between what homes cost and what people earn shapes daily finances in this Portland-area ZIP more than the rate alone does.
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