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| *Loan,banking and credit>>>real estate tax |
How is real estate property tax determined in Oregon? |
It seems like each tax jurisdiction has it's own criteria, are remote properties taxed less? I would presume property tax's are a main revenue for schools and public services so is there a relationship in between school quality and public services and property tax's? I notice property tax's on river properties seem about twice what it would be otherwise. Oregon is rather unique in that although property taxes are based on the county assessor's estimation of real market value there have been several property tax limitation initiatives passed that limit how much the counties can increase taxes each year. You are right that propery taxes are the main revenue for schools and public services but due to what is in my opinion, gross mismanagement and top heavy administration our schools are not worth what we're paying for them and Multnomah County (the county in which Portland is located)alone has several billion dollars in deferred street maintenance at present. The people of my state have taken a firm stand against a sales tax but can't stop whining about their property taxes and the state of the schools. No one is a part of the solution and everyone is a part of the problem. Riverfront property is very highly valued and so has higher taxes. On top[ of the tax base there may also, depending on the county, be amounts paid for levies for services and improvements so taxes will vary quite a bit from county to county with the urban properties carrying a lot of the load. Despit all of that, this is a lovely state with a nice climate, no hurricanes, tornados, and relatively stable property values due to our Urban Growth Boundary which helps maintain the values due to supply and demand. Source(s): Native Oregonian The man comes out and does a survey using laser scopes and guides and then makes annotations on his clipboard map. Then, when he gets back to the office to do the value assesment he does a routine consultation with his magic 8-ball to determine your taxes. They go through a similar process when trying to figure out where to spend your money. each jurisdiction does do thier own, and yes if you look at a statewide thing states with income tax have man y more social and services too midddle class/poor/senior/disabled and general those wihtout just dont. many fed programs are now set up fro matching funds or other local requirements. pretty clean streets with lanscpaed medians high taxes potholes,no sidewalks low taxes. good schools more local taxes dropouts and drugs less.. takes many more taxes to repair once there is ignorance and damage.done. also the real eastate rule of "location, location, location" applies.. FINE PRINT: in general. exceptions to every rule and other factors.. would i do well in politics.. or what? Ditto what mazziatplay said. Oregon Realtor |
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