It’s property tax time again, so you should start receiving your property tax statement in the mail here in the coming days and weeks. And don’t be surprised to see a hike in your tax bill.
If you are wondering how to go about appealing your property taxes, find links provided below for how to appeal in each county:
Property tax bills are allowed to increase up to 3%, plus any additional increase due to the cost of bond measures that voters approve, such as the Parks and Library bonds passed three years ago. However, Portlanders can receive up to a 3% discount on their tax bills if the full property tax amount is paid by November 15, 2016.
Total property tax collections in Multnomah County are projected to top $1.5 billion in 2015-16, about 4.8 percent more than the prior year, according to new calculations by County Assessor Randy Walruff.
For a quick tutorial on how property taxes are assessed and further information on the appeals process, check out this post Nick authored!
Nick Krautter is the author of The Golden Handoff: How to Buy and Sell a Real Estate Agent’s Business which debuted number one on Amazon for mergers and acquisitions. His goal is to teach real estate agents how to grow their business and to help them later retire and benefit from their years of hard work. For the last decade Nick has been a Realtor in Portland, Oregon, where he leads a team and frequently serves as a real estate expert for the media.