New Study Highlights Property Tax Inequities In Portland!

Homeowners with similar properties can pay drastically different property taxes in Portland, according to a new report commissioned by the League of Oregon Cities. Furthermore, homeowners with artificially low property taxes can see a corresponding boost in the value of their property. The report found that homes in North Portland neighborhoods like Boise and Eliot are taxed on less than 45 percent of their market value. And the report’s authors say those lower tax rates make the properties more attractive to buyers. They estimate the lower taxes could add between $6,200 and $30,000 to the value of properties there. According to the study, the average market value of homes in Portland between 2010 and 2013 was about $314,000.
www.opb.org/news/article/new-study-highlights-ineq…taxes

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