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1. How is residential property appraised?

Residential and rural properties are appraised under a mass appraisal system that conforms to State laws and Administrative Rules. Values-based on market sales are established for each property, as well as a reduced Measure 50 (M50) value. That value, called the Maximum Assessed Value (MAV), is the 1995 to 1996 tax year value less than 10%. That value may not increase by more than 3% each year.

Market-Related Cost Approach

Residential and rural properties are appraised using a market-related cost approach. Sales of properties within a given market area, or an area of similar properties, are compiled and analyzed to develop the data used to appraise all similar properties within that given area. Once these values are established, they are monitored yearly using sales that occur within these areas by comparing those sales prices to their Real Market Value (RMV). If the average property sales price is higher than the RMV, the properties in that area are adjusted to reflect the change in the market.

2. I recently purchased my newer house and there is no improvement value on my tax statement. Why not?

Construction on your ’new’ home probably began after January 1st. Because January 1st is the assessment we cannot tax you for the property that was not in existence on that date. That portion of your house that is complete on January 1st of the next year will appear on your next tax statement.

3. You have valued my house for more than it cost me to build it; why is that?

Cost and value are not always the same thing. Our conclusion of Real Market Value (RMV) is based on what the property would sell for in an open market transaction. Not everyone can build their own home; those who can benefit from not paying labor costs and see these savings reflected in the sales price of their property.

4. I'm going to build a new garage/carport or add concrete/blacktop to my property. What will my taxes be?

If the Assessor’s Real Market Value (RMV) for the new addition is less than $18,200 (2024) the value will be added to your RMV only. Under the M50 guidelines, you will not be assessed or taxed for additions under $18,200 (2024) unless they fall under the 5 year $43,500 (2024) category. This amount is indexed each year by Department of Revenue.

5. Are portable buildings and garden sheds taxable?

Yes, both are taxable, depending on the situation.

6. I need an appraisal to get a loan, can you do that for me?

No. You must contact an independent fee appraiser for your loan appraisal.

7. Do I have to let an appraiser on my property?

No you do not. However, without a physical appraisal, we will use the best information available to us and the resulting Real Market Value (RMV) may not be a true reflection of your property.

8. Why are my neighbor's taxes lower than mine?

There are a variety of reasons for the differences in taxes and they vary from property to property. There may exemptions or special assessments involved. Value differences may also result due to the quality of:

• Building size
• Construction
• Location
• Number of outbuildings
• Zoning

9. Will you review my property value without an appeal being filed?

Yes, appraiser field inspections are usually made between January 1st and June 30th. Reviews may be requested during this time but values will reflect the condition of the property as of the January 1st assessment date. ORS 308.204 allows the Assessor to make changes to reduce values in the fall after values have been certified on September 25th. Receipt of the fall tax statement is typically why a property owner requests a value review. Before an action can be taken, a Value Modification Review Request form needs to be filed with the Assessor explaining the reason for the review.

Appeal

If the property owner is not satisfied with the Assessor’s recommendation, an appeal may be filed with the Board of Property Tax Appeals (BOPTA) by December 31st.

10. Why am I not being taxed on my sales price?

First, our assessments are based upon a ’mass’ appraisal system; one sale does not set the market. Second, conditions of the sale and whether it was an arms-length transaction are also factors to be considered.

11. If I find an error in the square footage of my house or the acreage of my property can a correction be made?

Yes. You must file an application with the Assessor and provide documentation of the error.