Taxed to Death? Part 1 of 2

By Mike Warwick

Introduction

It’s winter, a time for holiday cards and, less welcome, property tax bills. This time next year you may look back fondly at your tax bill as the Governor, Speaker of the House, and legislators from Beaverton and Hood River have all indicated they want to revisit our property tax system. Their public justification is that “gentrification” has resulted in “those homeowners” not “paying their fair share.” Of course, “gentrification” is a code word for homeowners in inner N/NE Portland; namely, us. To see how this might affect you and your neighbors, look at the difference between the “assessed value” and “market value” of your home. “Reform” will likely reset assessed value to market value so the difference (currently about 4 times for an older Eliot home), is how much taxes could increase; 400%!

Continue reading Taxed to Death? Part 1 of 2

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