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Rising property values translate into rising taxes

 

November 7, 2018



Property values across Linn County increased by 11 percent for real market and 4 percent for assessed values, driving up property tax bills and decreasing property tax compression, according to the county’s assessment information released in October.

In Sweet Home real market value increases drove up property taxes imposed by local option levies by 14 percent, while taxes imposed by permanent rates increased by about 4 percent, roughly the increase in assessed valuation from 2017-18 to 2018-19.

Property taxes are calculated based on assessed property value. The total tax is then compare...



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