Sunday, October 19, 2008

Oregon and Oregon County Property Tax Rates.

With property tax assessments starting to appear in our mailboxes, it is good time to compare Oregon and Oregon county property tax rates to the rest of the country, using ACS 2007 data.

The PDF I prepared HERE does this. Using rounded figures It shows:
  1. Oregon has a 32% higher median property value than the U.S. average, but a 2% lower median homeowner income.
  2. Oregon has a 16% lower ratio of median property taxes to median home value than the U.S. (.8% Oregon vs 1.0% U.S.) but it has a 15% higher ratio of property taxes to median homeowner income.(3.3% Oregon vs. 2.9% for U.S.)
  3. Most Oregon counties also have a lower ratio of median property taxes to median home value than the U.S. average, but very few have a lower ratio of property taxes to median homeowner income than the U.S average.
(I got all the data in the tables from the Tax Foundation website; links appear at the bottom of each table. County information is not available for all counties in the ACS, only those with population of 65,000 or more--a total of 788 counties are in the 2007 ACS).

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