Sponsor
The League of Oregon Cities (LOC).
Document Type
Report
Publication Date
3-1-2014
Subjects
Economic indicators -- Analysis, Economic conditions -- Oregon
Physical Description
Final Report
Abstract
The passage of Measures 5 and 50 drastically changed the way property taxes were assessed in Oregon. The measures were intended to limit the ability of government to raise property taxes, while achieving other goals such as equalizing school funding across the state. The property tax system that resulted is complex and has introduced inequities into the system based on differing rates of changes between assessed value (AV) and real market value (RMV). The League of Oregon Cities (LOC) asked the Northwest Economic Research Center (NERC) to investigate the effect of the tax structure on residential sale prices as part of ongoing efforts to understand the impacts of Oregon’s property tax system on local governments. Specifically, we wanted to investigate the magnitude of property tax capitalization - if two houses are similar in all ways except for their property tax payments, do their sale prices differ as a result?
Persistent Identifier
http://archives.pdx.edu/ds/psu/17900
Publisher
Portland State University. College of Urban and Public Affairs. Northwest Economic Research Center
Citation Details
Liu, Jenny H. and Renfro, Jeff. (2014) Oregon Property Tax Capitalization: Evidence from Portland. Northwest Economic Research Center Report. http://www.pdx.edu/nerc/proptax2014
Description
NERC is based at Portland State University in The College of Urban and Public Affairs. The Center focuses on economic research that supports public-policy decision-making, and relates to issues important to Oregon and the Portland Metropolitan Area. NERC serves the public, nonprofit, and private sector communities with high quality, unbiased, and credible economic analysis.