Property Q&A in Portland>Question Details

annemariemoy…, Home Buyer in Tigard, OR

What are the property tax rates on a new home in Washington/Clackamas/Multhomah county? Are they very different?

Asked by annemariemoyer, Tigard, OR Tue May 1, 2012

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3
Taxes are calculated at a "mill rate" on the assessed value of land and improvements. How and why the taxes vary are dependent on various things. Yes, the property taxes vary in the Tri-County areas and it's subjective to quite a few things. If there's been tax levy, voter approved tax measures etc. this can affect the diference. Property valuations, land valuations, etc.

In buying a home, property taxes are certainly something to consider because they do add to the overly monthly P.I.T.I. One nice thing is that property taxes are a great write-off come April 15th.

There is no overall blanket statement that can be said that taxes are higher in one county over another because of the variables involved, the cities in each county, etc. If you're looking to purchase in the Tri-County areas then taxes will be all over the map for various reasons.

Unfortunately there's not one general statement that can answer your question "Are they very different" other then . . . it all depends.

Carla Muss-Jacobs, Principal Broker/Owner
EBA Portland, LLC
Exclusive Buyer Agency since 1999
0 votes Thank Flag Link Thu Jun 7, 2012
The rates will vary. Multnomah will be the highest and Washington county and then Clackamas from my experience of tax bases. Washington Co just had a 100 million dollar bond for parks and that has raised the taxes on all homes. Most homes as a rule are taxed at about 80% of value. You will never see homes taxed at full rates and don't ask why but that is the way it is. When you try and compare values of homes in different areas it will be like throwing a dart at a board and coming up with an amount that makes no sense when you try and compare to other areas. Good Luck to you.
Tom Inglesby, Borker
0 votes Thank Flag Link Mon May 7, 2012
The taxes are different from county to county and from city to city and from neighborhood to neighborhood. One way to get an answer is to check with the city (or county) where the new construction will be done but I’m not sure they can answer straight forward to you on how much the assessed tax will eventually be. However, you can check with the county records to see what other properties’ taxes are in a specific area and get some kind of idea on what to expect for your property.
0 votes Thank Flag Link Wed May 2, 2012
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