Barbara Whar…, Other/Just Looking in New Jersey

What determines property tax rates. I have read there is a standard rate per assessed value, but in searching

Asked by Barbara Wharton, New Jersey Wed Oct 24, 2007

for available property I am finding wide variations. In one case in Goose Hollow I found a 1 bed/1 bath condo for $344,900 with taxes of $4290. In North Portland I have seen similar sales prices with taxes less than $3000.

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Ron Ares, , Portland, OR
Wed Oct 24, 2007
Oregon property taxes are based on assessed values (as determined around 1995-1997), not the current market value. So, older homes with an equal sale price will probably pay far less tax than new construction whose assessment will likely be closer to real market value.

The millage in Multnomah county rates range from $14 to $20 per $1,000 assessed value. Assessed values cannot rise more than 3% per year.

A recent article in one of Portland's alternative newspapers touched on this very subject.
http://willametteweek.com/editorial/3349/9819/#comments_view

Here is State's property tax page: http://www.oregon.gov/DOR/PTD/IC_303_670.shtml
Web Reference:  http://www.repdx.com
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Ed Burnham, , Portland, OR
Mon Jun 9, 2008
The Willamette Week article cited by Mr Ares http://willametteweek.com/editorial/3349/9819/#comments_view is a good one. Don't miss the comments following the article to get a real flavor of what a hot issue this is.

In addition to Oregon Department of Revenue article cited http://www.oregon.gov/DOR/PTD/IC_303_670.shtml, check out this page on the Multnomah County Tax Office's site: http://www2.co.multnomah.or.us/Public/EntryPoint?&ct=3e0… It's a very short, clear explanation of why taxes are what they are in Oregon.

If you'd like a little more detail, I have an article on property taxes in Oregon on my website: http://edburnham.mywindermere.com/index.cfm?fuseAction=conte…
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