ZIP Code 97540

In ZIP code 97540, near Medford, households earn a median of $65,762, while per-capita income reaches $42,682. Homes here carry a median value of $453,900, and the county-level property tax rate of 0.74% applies to that figure. No combined sales tax is charged, so everyday purchases carry no added state or local levy. For a household weighing income against housing costs, the property tax on a median-valued home works out to roughly $3,359 a year, spread across twelve months. That leaves sales-tax-free spending on goods and services, though the gap between median income and home value shapes the broader picture.