Monday, October 28, 2013

Will Property Tax Increases Impact the Local Option Levy Vote?

To All COLA LO Members,

It seems residents may be up in arms as they receive their annual property tax statements in the mail this week.   The Oregonian is reporting residents are receiving big surprises as taxes increase dramatically in some counties in the Portland area.   

The article Surprising Local Property Taxes discloses quite a few large increases around the area as residents continue to grapple with the "great recession" and stagnant incomes. 

 Many of the increases are due to voter approved tax levy issues like the local option in Lake Oswego Measure 3-434 but cover libraries, schools, etc.    It seems residents in Portland are just waking up to the actual cost of these voter approved taxes.  

The details in the online comments are quite insightful and show a growing resentment for the cost of the increases, even though they were voter approved!    Many are questioning the long term affordability of the region given the increased taxes on homeowners.   

Its an interesting level of insight into the mindset of voters and homeowners in the region.  

Please notify all members contacts and friends.   

1 comment:

  1. Even though property tax can absolutely help states with income,the amount of property tax to be paid can be a determining factor in one's decision where to reside to achieve the American Dream of land or home ownership. Search More


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