Is There an Oregon Real Estate Transfer Tax?
Does Oregon have a real estate transfer tax? Learn how transfer taxes work in Oregon and what you can expect when buying or selling a home in the Beaver State.
Selling your home in Oregon? You might have some questions about real estate transfer taxes in Oregon.
Transfer taxes are fees that the state, county, or city imposes when property ownership is transferred from one party to another. These taxes can vary widely depending on where you’re located and the specifics of the property sale.
This guide will examine how transfer taxes work in Oregon, giving you insight into what to expect in the Beaver State.
Sell Fast in Oregon With a Cash Offer or Top Agent
Get an all-cash, no-obligation offer on your Oregon home through HomeLight’s Simple Sale platform. Close in as few as 10 days with no repairs or showings. You can also request an expert estimate of what your home might sell for using a top Oregon agent.
What are transfer taxes?
Real estate transfer taxes are assessed by state or local governments when a property changes hands. According to the Federal Trade Commission, these taxes are triggered once the title — or the legal rights to a property — is transferred from one person to another.
The actual tax rate and the responsibility for paying this tax can vary depending on the property’s location, reflecting different state, county, or city regulations.
Who pays for transfer taxes?
Unlike many other states, Oregon does not have a real estate transfer tax on real estate transactions, which can alleviate some of the financial burden on sellers or buyers.
According to the Tax Foundation, property taxes in Oregon are average, ranking 25th in the nation.
