Every year around this time, the questions start rolling in. How are my property taxes calculated? What's the difference between assessed value, market value, and the appraisal? Why am I paying all of these other charges? We get it! Property taxes are one of the dark corners of adulting where nearly everyone is confused.
The other complicating factor is that property taxes are calculated differently everywhere. It's not a one-and-done situation; you have to seek education each time you move to a new market or municipality.
We thought this video synopsis created by the Oregonian years ago covered the basics of Oregon's property taxes and how they came to be calculated the way that they are.
This does not have to be the end of this conversation; we would love to hear from you with any other questions you'd like for us to answer>>
Chances are you're not the only one who wants to know!