Oregon property tax appeals

In Oregon, your home has three values: a real market value, a maximum assessed value, and an assessed value, which is usually the lower of the first two. Under Measure 50, your maximum assessed value can rise by only about 3 percent a year, so for most homes the assessed value your tax is based on already sits well below what the home would sell for. You appeal your value to your county Property Value Appeals Board, and the filing window runs from when tax statements are mailed in the fall until December 31, moving to the next business day if that date is a weekend or holiday. An appeal helps only when your real market value is wrong and lowering it would drop below your assessed value, or when the record has an error. It usually will not lower your bill when your assessed value is already far below market. This is general information, not tax advice.