Home Buying in 97211>Question Details

Maria R Garn…, Home Buyer in 95823

how much is the property tax in portland oregon the house cost aboit 100.000 dollars thank maria

Asked by Maria R Garner, 95823 Fri Oct 16, 2009

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The City of Portland the taxes are about $23 per $1,000 assessed value homes are never assessed at full value usually 75%. If a house has not been sold in since about 1990 taxes will be extremely lower than normal since sellers had taxes rolled back and they can only increase 3% a year and that can not be stopped plus any assesements that voters added like schools this past year another $2 or so per $1,000. So it is hard to say what the taxes will be but I would guess that the house is small so I would say $1100 to $1300 a year. good luck you can see a homes taxes by address at http://www.portlandmaps.com

Tom Inglesby, Broker
RE/MAX
0 votes Thank Flag Link Wed Sep 18, 2013
in Portland, it is based more on what the property is worth and less what it costs, or what someone actually pays for it. If you think that the house is worth $100,000 and the government agrees with that number, than here is a good rule of thumb. For a $100,000 value, If it's an older house, the taxes will be about 800-1000 per year. If its a newer home the taxes will be about 1000-1200 per year. And of course you can look it up on http://www.PortlandMaps.com as Janeese pointed out.
Web Reference: http://www.portlandmaps.com
0 votes Thank Flag Link Sat Oct 17, 2009
Maria,
if you are looking for the amount of taxes and you have the address of a particular property, you might try http://www.portlandmaps.com to get the current taxes or send me a quick e-mail and I'll pull county records for you on the property.
Janeese Jackson, Principal Broker
Real Estate Resource
503-709-0802
0 votes Thank Flag Link Fri Oct 16, 2009
Hi Maria,
Each year in late September or early October, the county assessor places the taxes certified by the taxing districts on the tax roll. Property taxes are placed on the tax roll in the form of a rate per $1,000 of assessed value. In most cases, the taxes for operations are the permanent rate limits certified by the districts. When a district certifies a dollar amount tax levy, such as a local option tax or bond tax, the assessor must calculate a tax rate. To compute the tax rate, the tax levy amount is divided by the taxable assessed value of the district. For example: Green City certifies a local option tax in the amount of $225,000. The taxable assessed value of the city is $39,487,000. The rate for the local option tax is calculated as follows:


tax levy amount / taxable assessed value = tax rate


$225,000 / $39,487,000 = .0056980 or = $5.6980 per $1,000 of assessed value


This tax rate is placed on the individual property tax accounts in the city. All the taxable property within the city will have the same rate for the local option tax. The amount of tax to be paid, of course, will vary depending on the assessed value of each property.

Individual properties are taxed by the districts that provide services to that property. For example, a property in Green City would pay taxes to the city, the county, a school district, and maybe a library district. Property outside the city would pay taxes to the county, a school district, a rural fire protection district, and maybe a library district, but not to the city.

Some properties are subject to assessments of a special taxing district. An example would be a drainage district that assesses on a per acre basis. These qualifying assessments also are placed on the tax roll.

The total amount of tax placed on a property is computed by multiplying the property's assessed value by the combined tax rates of all the districts in which it is located and then adding any assessments.
0 votes Thank Flag Link Fri Oct 16, 2009
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