Did your property taxes go up more than other people's in Portland?
Oregon's unusual and complicated property tax system puts the brakes
on how much your bill can grow each year, but it also allows for
unavoidable and unexpected exceptions to the rule.
Housing reporter Luke Hammill recently explained some surprising changes in tax bills for residents of Portland's Lents neighborhood between 2014 and 2015.
To help identify this and other trends in home prices and taxes, we
compiled extensive data from tax collectors in Multnomah, Clackamas and
Washington counties for both years and calculated differences for every
property.
The resulting maps allow you to see where you stand.
The maps indicate both changes in real estate prices across the region and changes in taxation.
You may know that unlike in other states, changes in real market
values don't always correspond directly to changes in Oregon property
tax bills.
Effective rates, meaning the size of your bill compared to what your
home is worth, vary widely. Gentrifying neighborhoods often end up
paying lower effective rates because of the Measure 50 limitation on
annual growth.
The system causes a majority of homeowners to pay more than their
share of the cost of governments services based on home values, an analysis by The Oregonian/OregonLive found last summer.
But it's not always easy to predict how Measure 50 will interact with other aspects of tax law.
Read the maps. See how the real estate landscape is changing for you and your neighbors. Let us know what you see.
-- Steve Suo
-- Interactive map by Mark Friesen
-- Reporting by Luke Hammill
I am dedicated to providing authentic, excellent customer service; to me this means getting to know your needs and wants and finding the best solution for your specific situation. I plan to diligently work with you to prepare a competent strategy to effectively sell and/or purchase your home. I’d like to provide you with the information you need to make an informed decision. As we navigate through this process I will walk alongside you as your knowledgeable, trusted real estate resource.
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