Every October, Oregon homeowners receive their property tax bill. For many, the numbers rise slightly each year—thanks to the 3% annual cap on assessed value growth under Measure 50. But for others, the bill feels shockingly high. The culprit is often an inflated real market value (RMV), which doesn’t always reflect actual conditions in the housing market or the true state of the property. If your...
Property taxes are one of the most important and sometimes confusing expenses for Oregon homeowners. Unlike states that tie property tax bills closely to market value, Oregon has a unique system shaped by voter-approved laws like Measure 5 (1990) and Measure 50 (1997). These measures changed how property taxes are calculated, capped growth in taxable value, and introduced limits designed to keep housing...
Compare listings
Compare