Real Estate Law in Oregon

Oregon does not require attorney involvement for closings — escrow companies handle most transactions. Attorney fees range $800-$1,800. Oregon has no general sales tax but has a 0.1% real estate transfer tax for properties over $500,000 in the Portland metro area (higher for over $1M). Property taxes average 0.87% of assessed value. Oregon has a unique property tax limitation (Measures 5 and 50) capping assessed value growth at 3% per year. Seller disclosure is mandatory. Oregon has specific considerations for earthquake zones, wildfire zones, and environmental contamination.