The New Era - All about Sweet Home since 1929

Number of SH properties in compression falls, providing city more income

 

May 6, 2020



The number of properties not affected by property tax limitations – approximately one-third of those in the city of Sweet Home – is growing while the amount of tax revenue reduced by the limitations continues to plummet.

Welcome to the world of compression.

As a result of ballot measures passed by Oregon voters in the 1990s, property taxes are constitutionally limited in the state when tax bills surge beyond real estate values. Specifically, when property taxes exceed $10 per $1,000 of real market property valuation for general government and $5 for education, property tax bills are r...



For access to this article please sign in or subscribe.



 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020