HASSO HERING

A perspective from Oregon’s mid-Willamette Valley

No surprise: Property taxes rise

Written October 9th, 2013 by
The Linn County Courthouse, where the tax department is housed.

The Linn County Courthouse, where the county tax department is housed.

Guess what, property tax totals in two mid-valley counties are up again this year. This is no surprise. Voters in Albany approved a slight bump in the special levy for public safety. New construction has taken place, and in many cases the assessed value of property went up regardless of what the market did because the assessed value had still been below the market value and therefore could rise up to 3 percent.

The assessors in Linn and Benton counties have just posted this year’s tax tables. In Linn County, the tax department expects to collect $133.3 million in property taxes, up 2.5 percent from last year. In Benton, this year’s property tax totals $115.7 million, up 3.1 percent. (Keep in mind that the counties collect taxes for all taxing districts, not just for the counties themselves.)

The principle of compression is saving taxpayers in Linn a total of $9.7 million, about a million dollars more than last year. Benton County reported a tax reduction due to compression of more than $5 million, also more than in 2012. Compression, in case you forgot, is the reduction in individual property taxes caused when the amounts imposed by overlapping taxing districts would otherwise exceed the rate limits set by Measure 5, adopted in 1990.

You’ll find out how all this affects you personally when you get your tax bill in the days to come. (hh)





Comments are closed.

 

 
HH Today: A perspective from Oregon’s mid-Willamette Valley
Albany Albany Carousel Albany City Council Albany council Albany downtown Albany Fire Department Albany housing Albany parks Albany Planning Commission Albany police Albany Post Office Albany Public Works Albany riverfront Albany Station Albany streets Albany traffic Albany urban renewal Andy Olson Benton County Benton County parks bicycling bike lanes Bowman Park Bryant Park Calapooia River CARA City of Albany climate change coronavirus COVID-19 Cox Creek path Crocker Lane cumberland church cycling Dave Clark Path DEQ downtown Albany Edgewater Village global warming gun control Highway 20 Interstate 5 Kitzhaber Linn County marijuana medical marijuana Millersburg North Albany Road Obama ODOT Oregon coast Oregon legislature Oregon passenger rail Pacific Power Portland & Western Republic Services Riverside Drive Santiam Canal Talking Water Gardens The Banks Tom Cordier Union Pacific urban renewal Water Avenue Willamette River


Copyright 2020. All Rights Reserved. Hasso Hering.
Website Serviced by Santiam Communications
Hasso Hering