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Property taxes in Oregon are assessed on a fiscal year from July to July, and due and payable November 15th. Tax bills come out every year around October 25th. Oregon taxes are collected by the counties and are used to fund local government services such as schools, public safety, and infrastructure. In Oregon, property taxes are based on the assessed value of the property, which is determined by the county property tax assessor. Oregon has a property tax limitation measure, Measure 5, passed in 1990, which caps the amount of property taxes that can be collected on a property at 1.5% of the property's real market value. It also limits the amount by which property taxes can increase each year to 3% unless voters approve a higher rate. It's important to note that property taxes can change over time and can be affected by various factors such as changes in the property's value, local tax rates, and the economy, so it's always a good idea to research the current property tax rates in the area where you are considering purchasing your next home. We can help you answer those questions. The State of Oregon has several deferral and exemption programs available. 1) Property Tax Exemptions for Veterans, Surviving Spouses, and Active Military - If you meet the above criteria, a portion of the assessed value of your residential property would be exempt from property tax. You must file an application with the County Assessor between January 1 and April 1 for the following tax year. 2) Disabled Veteran or Surviving Spouse Property Tax Exemption. 3) Senior and Disabled Property Tax Deferral Program. 4) Farm and Forest Deferrals Many rural properties are eligible for what is called a special assessment or deferral if the property is "used exclusively for farm use" or "used for the predominant purpose of growing and harvesting trees of a marketable species". The purpose of these programs is to provide a financial incentive to property owners, in the form of reduced property taxes, for keeping their land in agricultural or timber production. **For additional information on any of these programs, please see the Department of Revenue’s website on Deferral Programs. ====== 📲 We have so many people contacting us who are moving here to Portland Oregon and we ABSOLUTELY love it! Honestly if you are moving or relocating here to Portland, we can make that transition so much easier on you!! Reach out Day/Nights/Weekends whenever you want, we never stop working for you!! Contact me: 📱 Call or Text: 503.754.7749 📨 Email: merin@paldihomes.com 📅 Get a Free Real Estate Consultation: https://calendly.com/paldihomes/30min 👨💻 Visit my webpage: www.paldihomes.com Follow us on Instagram: www.instagram.com/paldihomes Follow us on Facebook: www.facebook.com/paldihomes ====== 🚨 Subscribe to this channel here: 👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇 ✅ https://bit.ly/3XjVxst More info about Property Taxes in Oregon: 🟢 Multnomah County Taxes - https://www.multco.us/assessment-taxa... 🟢 Clackamas County Taxes - https://www.clackamas.us/at 🟢 Deferral Programs https://bit.ly/43p9Ik4