Report Oregons Wonky Property Tax System Influences Home Values

Dated: March 19 2014

Views: 391

 Oregon home values vary as much as $45,000 thanks to the vagaries of Measure 50, the mid-1990s measure that forever tied taxation to values established two decades ago.

A  new report, commissioned by the League of Oregon Cities, characterizes Oregon’s property tax system as uneven for penalizing residents in low-income areas, were property values haven’t climbed, while rewarding those who own property in gentrifying areas, where they have.

According to the report, conducted by the Northwest Economic Research Center at Portland State University, homes in popular neighborhoods close to downtown Portland have seen values rise, which means they are taxed on about 45 percent of their actual market value. That can add $6,200 to $30,000 to the value of a home in the Boise, Eliot, King, Humboldt, Sabin or Woodlawn neighborhoods. Read More Here...
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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

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