Oregon Tax Rates & Rankings

United Way also offers free tax oregon income tax rate help through their MyFreeTaxes program. Providing this information may be done separately from a tax return through Revenue Online. It can only be used for research purposes to analyze potential inequities in tax policy. For income earned in 2024 and reported on tax returns filed in 2025, taxpayers are subject to the Oregon state tax rates shown in the table below.

Oregon personal exemption and standard deduction amounts for 2024

• For 2021–2022, the total assessed value of all property in the state was about 58% of real market value.
• Forty-four states levy a corporate income tax, with top rates ranging from a 2.25 percent flat rate in North Carolina to a 11.5 percent top marginal rate in New Jersey.
• Oregon offers a range of tax credits to help reduce what you owe and keep more money in your pocket.
• Sales Tax – Oregon is one of only four (4) states in the union with no sales tax, yay!
• The tax is $250 plus .057% of taxable commercial activity greater than $1 million.

TurboTax makes it simple to maximize your refund and keep more of what you’ve earned. As home values have spiked, Florida and Travel Agency Accounting other states are weighing elimination of property taxes. The significant disparity in tax rates across states underscores the complex tax and regulatory environment governing distilled spirits.

Property Tax

E-filed returns will be processed in the order they are received. However, as in years past, the department won’t be issuing personal income tax refunds until after February 15. A refund hold is part of the department’s tax fraud prevention efforts and allows for confirmation that the amounts claimed on tax returns match what employers and payers report on Forms W-2 and 1099. E-filing is the fastest way for a taxpayer to get their refund. Free guided tax preparation is available from several companies for taxpayers that meet income requirements. Using links from the department’s website ensures that both taxpayers’ federal and state return will be filed for free.

Income tax rates by state:

Blind or elderly taxpayers, persons over the age of 65, will receive an additional $1,200 standard deduction on a single return and an additional $1,000 per eligible person on a joint return. After deductions and credits, the average effective tax rate is about 6.4% of adjusted gross income. The current standard deduction is $4,840 on joint returns, $2,420 on single and married filing separate returns, and $3,895 for bookkeeping a head of household return.

Oregon Tax Rates, Collections, and Burdens

You could consider it a bit of a tradeoff, though, since Oregon’s income tax rates are among the highest in the country. Oregon collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. Like the Federal Income Tax, Oregon’s income tax allows couples filing jointly to pay a lower overall rate on their combined income with wider tax brackets for joint filers. Taxpayers who are blind or over 65 get an additional standard deduction of $1,200 for single filers and $1,000 per qualifying person for those filing a joint return. Instead of sales and use tax, the Oregon legislature generates revenue through higher income and property taxes. During the 2019 Legislative Session, the Legislature passed HB 3427, referred to as the Student Success Act, which created a Corporate Activity Tax (CAT) dedicated to education funding.

Oregon Income Tax Table

Net income under $1 Million is taxed at 6.60%, everything above $1 Million is taxed at 7.60%. Other flow-thru entities, such as S-Corps, LLCs and LLPs are not subject to the Corporate Tax, however they are all subject to a minimum $150 excise tax for doing business in the state of Oregon. To calculate their total tax, they need to add up the taxes owed for each bracket. The rates range between 4.75% and 9.90%, with the tax you pay based on your taxable income. Taxable property includes real property, mobile homes and some tangible personal property used by business. The state and each county assessor determine the value of property in each county.