Even with falling home market values, property taxes will actually see an increase.
Homeowners hoping for a property-tax break will likely see an increase instead, and not just in Multnomah County.
The tax bills that county assessors across the state will be sending out next month will likely show drops in the market value of most homes, but that won’t translate into lower taxes…
The primary reason can be found in the mysteries of Measure 50, a constitutional amendment approved by voters in 1997.
Read the full story at OregonLive.com.
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