It’s property tax time! Yay! November is Property Tax month and payments are due November 15th.  Portland homeowners will begin seeing taxes arriving in their mailboxes soon! And get ready because they probably have not declined like you hoped or assumed since property values have declined. This is a popular question/concern among new homeowners and even among those of us who have been a homeowner for awhile. Here’s why so many of us in Portland Oregon are confused.

In 1997, Oregon voters passed Measure 50, the intent and effect of Measure 50 was to provide, for both homeowners and county budgets, a degree of certainty and predictability to property taxes that would be largely immune to significant swing in real estate values.