ZIP Code 97301

In ZIP code 97301, which covers part of Salem, homes carry a median value of $341,000 while the county's effective property tax rate sits at 0.84%, yielding an annual tax bill of roughly $2,865. With median household income at $60,422, that levy equals about 4.7% of a household's yearly earnings, and per-capita income stands at $26,930. Oregon's lack of a statewide sales tax means no added point-of-sale cost, so the property tax carries the full weight. Buyers here weigh a mid-range price against wages that trail the tax obligation.