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Will The Property Taxes Go Up or Down When I Buy?

One of the most commonly asked questions from a buyer is what will the property taxes be after I purchase this home.  Oregon Property taxes are a little different than some other states.  The sales price of the home has no baring of the tax assessed value.

The bigger question a buyer should be asking in Oregon is – have any new bonds been approved by voters, are there any new assessments and so on.  Bonds and tax increases for such things as schools, fire and police protection can increase your taxes.

Generally your assessed value can only go up 3% a year – of course this can be changed if we the voters were to vote in favor to change this.  That does not mean your taxes will go up 3% per year – they can and sometimes do go up more than that.  This brings us back to bonds and budgets – if the voters prior to you purchasing approved a bond or additional budget the rates for these will increase.  Then your taxes will go up.

La Pine, Three Rivers South, Sunriver and Bend all have a tax base which you can find on the Deschutes County Website.

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