Understanding and Appealing Your Property Taxes
Most counties in Oregon mail property tax statements this week, so be on the lookout for yours.
Property taxes in Oregon can be very confusing. While some states (such as California) base taxes on the most recent sale price, Oregon’s taxes are not directly related to sale prices, but rather the county assessor’s determination of the value of your home. Multiple statewide ballot measures have turned the process into a confusing system, but the taxes are basically based on the county assessor’s determination of your home value based on square feet and the condition of the home.
When your statement arrives, take a look at last year’s amounts and this year’s amounts.
What should you look for?
If your taxes go up by more than 3% in a year, this is a red flag. It could be that a new bond measure took effect which could raise them a bit more than 3%, but if you look at last year’s amount and this year’s amount, and the difference is more than 3%, this is a sign that something big could have changed in terms of how the county is valuing your home.
You can also look at your home’s Real Market Value, or RMV, which is toward the top left of the statement. If the RMV looks a lot higher than it should be, this is another indication that you might want to dig further.
If you want to appeal your taxes, you have to file an appeal by December 31. So, if something looks incorrect, or your taxes went way up and you don’t know why, you need to start looking into things. Calling the county assessor’s office is a great way to get information.
Also, feel free to call your Proud agent, who can take a look at your statement and tell you their assessment of your home’s Real Market Value. They can also connect you with qualified consultants who manage the appeal process.
Multnomah County
Tax Assessor Website
Property Tax Guide
503-988-2225
propertytax@multco.us
Clackamas County
Tax Assessor Website
Property Tax Guide
503-655-8671
propertytaxinfo@clackamas.us
Washington County