Collections on property taxes in Central Oregon are expected to be down this year for the first time since 1997.
Collections on property taxes in Central Oregon are expected to be down this year for the first time since 1997.
Deschutes County expects collections to be down about 2 percent, for example, with the city of Redmond reporting a 6 percent decline in values, said County Assessor Scot Langton.
To the east, Crook County valuations have fallen 6 percent as vacant homes and foreclosures in the city of Prineville take their toll.
“There’s more foreclosures, more short sales,” said the county’s chief appraiser, Brian Huber. “It’s driving down the real market value quite a bit.”
Read more at Capital Press.
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