Real Estate 101

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I know most of us have been upset with our real estate property taxes lately for many reasons. Seniors are upset because some can no longer defer property taxes due to reverse mortgages, others are complaining their values have dropped significantly and their taxes have only increased.

History of Clackamas County Real Estate Property Taxes 1989-2011

The other evening I was searching for something on the Clackamas County Tax Assessor’s website. I didn’t find what I was looking for but found this graphic instead.

This chart shows a history of the real estate property taxes for Clackamas County from 1989-2011 and the effects of Measure 5 and Measures 47/50 on our real estate tax rate:

History Of Clackamas County Real Estate Property Taxes 1989-2011.allaboutlakeoswegorealestate.comProperty Taxes Dropped

You can see from the chart that our property taxes starting in 1997 for Clackamas County did decrease. However, since 2009, when property values had already declined, our property taxes started increasing as did the tax rate due to measures 47/50 which the voters passed.

Property Tax Appeal

The deadline to appeal your property taxes for the following tax year is January 3, 2012. Our property tax bill says the deadline is December 31, 2011 – however, I verified that it is January 3 on the County’s website. That link is here.

ALL ABOUT…..Lake Oswego Real Estate. © Copyright 2008-2011. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of federal copyright laws.

Clackamas County Property Tax Increase And No Senior Tax Deferrals On Some.allaboutlakeoswegorealestate.com

Lake Oswego And West Linn Real Estate Property Taxes Set To Increase

On my primary blog today ALL ABOUT…..Portland.Oregon.Real Estate, I have a lengthy post about our upcoming tax year and how taxes will be increasing. You might want to read it.

Real Estate Property Taxes 2011-2012 Tax Year

For Lake Oswego and West Linn, real estate property taxes are due to increase up to 3%. There are a series of town hall meetings upcoming and I have those dates and times listed on the blog listed above.

One of the main changes is that Clackamas County will not allow senior tax deferral if you have a reverse mortgage. However, not all seniors who have reverse mortgages receive income. I feel that policy should be changed or rather reversed.

Portland Real Estate Values Down Property Taxes Going Up And Town Hall Meetings

This is the name of the post (Portland Real Estate Values Down Property Taxes Going Up And Town Hall Meetings – http://allaboutportlandoregonrealestate.com) where I have a lengthy explanation of what is happening to our Portland real estate taxes and the schedule for the upcoming time lines for Clackamas County town hall meetings.

ALL ABOUT…..Lake Oswego Real Estate. © Copyright 2008-2011. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of federal copyright laws.

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