Capital Gains Calculators
Oregon Capital Gains Tax Calculator
No sales tax, but a top state rate of 9.9% — and if you're in the Portland metro, two separate local taxes stack on top that neither your brokerage nor a title company will withhold for you.
Calculate your Oregon capital gains tax
Includes Oregon state tax, both Portland-area local taxes if applicable, federal tax, and NIIT.
This is a planning estimate. Confirm current thresholds with the City of Portland Revenue Division, which administers both local taxes.
No sales tax, but one of the highest income tax rates in the country
Oregon is one of only a handful of states with no general sales tax at all — but it makes up for that with a top income tax rate of 9.9%, among the highest in the nation. Capital gains get no special treatment: they're taxed as ordinary income, stacked on top of whatever else you earned that year, with no discount for how long you held the asset.
The layer most people miss: two separate Portland-area local taxes
| Tax | Applies to | 2026 rate |
|---|---|---|
| Metro Supportive Housing Services (SHS) | Tri-county Metro district (Multnomah, Clackamas, Washington) | 1% above $128,000 single / $205,000 joint |
| Multnomah County Preschool for All (PFA) | Multnomah County residents specifically | 1.5% ($125k–$250k single), 3% above $250k |
Stack the top tiers of both taxes with Oregon's 9.9% state rate, and a top-bracket Multnomah County resident faces a combined marginal rate of 13.9% on a capital gain — before any federal tax at all.
Why this catches people off guard
Unlike state withholding, which a brokerage or employer typically handles automatically, neither the Metro SHS tax nor the Multnomah PFA tax gets withheld from a stock sale or a property closing. Both are self-assessed, filed separately from your Oregon state return, directly with the City of Portland's Revenue Division (which administers both on behalf of Metro and Multnomah County). Portland-area sellers who don't know these taxes exist routinely discover them at filing time — after the proceeds from a sale have already been spent.
A meaningful difference between the two taxes
The Metro SHS threshold is inflation-adjusted annually — 2026 is the first year this took effect, moving the threshold from a flat $125,000/$200,000 to $128,000/$205,000. The Multnomah PFA thresholds are not inflation-adjusted, meaning more filers drift into that tax's higher tiers every year purely from wage growth, even without a real increase in purchasing power.
Also worth knowing
- Oregon's standard deduction is unusually low — a few thousand dollars, dramatically less than the federal standard deduction — meaning more of your income is exposed to Oregon tax than the bracket rates alone suggest.
- Washington commuters aren't exempt. Washington residents who work in Oregon (common among Clark County, WA residents commuting to Portland) still owe Oregon state tax, and Metro SHS, on Oregon-source income — despite living in a state with no income tax of its own.
Oregon's capital gains treatment, the Metro SHS and Multnomah PFA tax structures, and their 2026 thresholds verified against the City of Portland Revenue Division and multiple independent 2026 tax guides. This is a planning estimate — confirm current thresholds and filing requirements with the City of Portland Revenue Division.
Frequently asked questions
Before you sell an appreciated asset in Oregon.
Does Oregon have a lower tax rate for long-term capital gains?
No. Oregon taxes all capital gains as ordinary income, up to 9.9%, with no discount for how long you held the asset.
What extra taxes do Portland-area residents pay on capital gains?
Two separate local income taxes can apply: the Metro Supportive Housing Services tax (1% above $128,000 single) across the tri-county Metro district, and the Multnomah County Preschool for All tax (1.5%–3%) for Multnomah County residents specifically.
Will these local taxes be withheld automatically from a stock sale?
No. Neither the Metro SHS tax nor the Multnomah PFA tax is withheld by a brokerage or title company — both are self-assessed and filed separately with the City of Portland Revenue Division.
What's the highest combined tax rate on a capital gain in Oregon?
A top-bracket Multnomah County resident can face a combined marginal rate of roughly 13.9% (9.9% state + 1% Metro SHS + 3% Multnomah PFA) before any federal tax.
Do Washington residents who work in Oregon owe these taxes?
Yes, on Oregon-source income - Washington residents commuting to Oregon jobs still owe Oregon state tax and the Metro SHS tax, despite Washington itself having no income tax.