Oregon Property Tax Exemptions 2026: Homestead, Senior, Veteran & Disability

Oregon (OR) homeowners have several ways to legally reduce their property tax bill — homestead reductions, senior credits, veteran exemptions, and disability programs. This page lists every Oregon property tax exemption available in 2026, who qualifies, dollar amounts, and how to apply.

All Oregon property tax exemptions at a glance

Exemption	Who qualifies	Benefit	Typical savings
Homestead (general)	Owner-occupied primary residence	~$6,080 value reduction	$50/yr est.
Senior / Age 65+	Owner-occupied; age 65+; often income-capped	Additional reduction or freeze	$200 – $2,000/yr
Disabled veteran	Service-connected disability rating	Up to 100% exemption in many states	$1,000 – full bill
Disability (non-veteran)	Permanent total disability	Reduction + sometimes freeze	$200 – $1,500/yr
Surviving spouse	Of veteran, first responder, or senior	Continuation of decedent's exemption	Same as deceased's benefit
Agricultural / farm	Active agricultural use	Use-value assessment instead of market	30% – 80% lower bill

Estimated savings use Oregon's effective property tax rate of 0.83% on the median home value of $454,200. Your actual savings depend on your county assessor's millage and how exemptions are applied to assessed (vs. market) value.

Senior and Disabled Property Tax Deferral

Oregon's Senior and Disabled Citizens' Deferral Program allows qualifying homeowners to defer payment of property tax. The state pays the county on the homeowner's behalf; a lien is placed on the property; repayment (with interest) occurs when the homeowner sells or no longer qualifies.

Eligibility for 2026

• Age 62 or older on April 15 of the year you apply, OR disability-qualified
• Oregon resident who has owned and occupied the property at least 5 years
• Total household income approximately $54,500 or less
• Property has no junior liens except purchase-money mortgage
• Net worth limit (home equity and other assets)

Interest

Deferred tax accrues at the state-certified rate (currently approximately 6% annual) compounded. The lien is repaid from sale proceeds or the estate when the homeowner no longer qualifies.

Application

File with the Oregon Department of Revenue by April 15 for the tax year.

Frequently Asked Questions

How does Oregon's senior property tax deferral work?

Qualifying seniors (age 62+) and disabled homeowners with household income up to approximately $54,500 can defer paying property tax. The state pays the county on the homeowner's behalf, and a lien is placed on the property at approximately 6% annual interest. Repaid when the property is sold or the homeowner no longer qualifies. File with the Oregon Department of Revenue by April 15.