Washington County mails property tax statements
Most Washington County property owners will see modest increases of up to 5% in their 2019-20 tax bills that have just been mailed.
About 169,000 of the 200,000 statements from the Department of Assessment and Taxation will contain those increases. But about 13,000 statements will show increases of more than 5% and 12,000 will show decreases.
First installment payments are due Nov. 15.
Total property taxes to be collected are just short of $1.2 billion, up $63 million (6%) from the previous year.
Statewide limits generally restrict growth in property tax bills to 3% annually. They can go up more if voters approve levies and bonds outside the limits, or if new construction and improvements add value to the property.
Only the Cornelius Rural Fire Protection District renewed a five-year local-option levy this past year. Increases may apply to the few Washington County property owners within the cities of Portland and Lake Oswego, and the Lake Oswego School District.
The division of property tax collections is similar to that of previous years.
Education — school district, regional education service district, Portland Community College — gets 47.5 cents of every property tax dollar, down from 48.24 cents last year. Cities and neighborhood services — firefighting and parks, and the Sheriff's Enhanced Patrol District — account for 31.92 cents, down from 32.03 cents. Countywide services are 16.68 cents, instead of 16.82 cents. Regional services such as the Port of Portland and Metro are 3.9 cents, up from 2.9 cents.
Assessed valuation — the taxable value of property — rose 4.6% from $65 billion to $68 billion countywide as of Jan. 1, 2019. The rate was up from 4.3% last year.
Real market value rose 4.3% from $116.5 billion to $121.5 billion. The rate was up from 3.8% last year.
Oregon voters limited overall property tax rates in 1990 — $5 per $1,000 of taxable value for education, $10 for all other agencies combined, excluding bond issues. In 1996 and 1997, they rolled back and then limited growth in taxable values.
Many property owners pay taxes as part of their mortgages. The first deadline for those who pay property taxes separately is Nov. 15; other due dates are Feb. 15 and May 15.
Washington County numbers for assistance are (503) 846-8826 (property values) or (503) 846-8801 (tax collections).
NOTE: Updates with countywide assessed valuation and real market value figures for 2019.
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