Oregon has no real estate transfer tax, does not require an attorney at closing and requires a seller disclosure form. It allows both court and out-of-court foreclosure and is not a community property state.
Oregon in short
Is there a real estate transfer tax in Oregon?
Oregon has no state transfer tax. Article IX, Section 15 of the Oregon Constitution bars the state, cities and counties from taxing the transfer of real property or measuring a tax by its price, except taxes in effect on December 31, 2009.
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What closing costs does Oregon law set?
Oregon has no official typical closing-cost total. It has no transfer tax (Constitution Art. IX, section 15) and Multnomah County charges $86 to record the first page of a deed and $5 for each additional page.
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How is property tax calculated in Oregon?
Oregon taxes a home's assessed value, not its market value, and under Measure 50 assessed value can rise at most 3% a year and does not reset when you buy. In Multnomah County code area 001 (Portland) the 2025-26 rate was $26.9199 per $1,000 of assessed value.
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What is the deadline to appeal a property tax assessment in Oregon?
In Oregon, file a petition with the county property value appeals board after the tax statement is mailed (by October 25) and by December 31 of that year. The board hears petitions from February and must finish by April 15.
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Do you need a real estate attorney to close in Oregon?
None of the Oregon statutes read requires a buyer or seller to hire an attorney to close.
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What must a home seller disclose in Oregon?
An Oregon seller of a one-to-four-unit home, condo or similar residence must complete, sign and deliver the statutory disclosure form to every buyer who makes a written offer (ORS 105.465). The buyer then has five business days from delivery to revoke the offer.
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How does foreclosure work in Oregon?
Oregon lenders can foreclose a trust deed without going to court, by advertisement and sale, and must serve a notice of sale at least 120 days before the auction.
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What first-time home buyer programs does Oregon offer?
In Oregon, Oregon Housing and Community Services (OHCS) runs Flex Lending: two mortgage products, FirstHome and NextStep, with down payment assistance of 4% or 5% of the loan amount. The City of Portland adds a Down Payment Assistance Loan of up to $80,000 to $100,000.
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Which natural hazards affect home insurance in Oregon?
The Oregon Department of Emergency Management gives about a 37% chance of a 7.1+ Cascadia megathrust earthquake in the next 50 years, and the Oregon FAIR Plan requires two turn-downs from standard insurers with a $600,000 dwelling limit.
Oregon guides
- Closing costs in Oregon: what buyers and sellers pay
- Real estate transfer tax in Oregon: none, with one old exception
- Oregon property tax: Measure 50, rates and who gets relief
- Seller disclosure in Oregon: what sellers must tell buyers
- Do you need a real estate attorney to close in Oregon?
- Foreclosure process in Oregon: steps, timeline and help
- Home prices in Oregon and Portland: median value and trend
- First-time home buyer programs in Oregon and Portland
- How to verify a real estate license in Oregon
- Natural hazards and home insurance in Oregon (state-specific topic)
- Buying a rental property in Oregon: tenant rules (state-specific topic)
Portland
Professionals in Oregon
Other key facts
- Rent increases: Capped at 7% plus inflation or 10%, whichever is lower: 9.5% for 2026 and 10% for 2027. Details