Lots of Oregonians have wondered in the last four years of the great recession why their property taxes are not going down.
Right now you’re taxed on your assessed value which is nearly always less than market value. But when the economy collapsed in 2008, real market values fell, but usually not enough to bring them down to the tax assessed value. So your property taxes stayed the same.
Now that governments have run up huge amounts of debt and public workers are making nearly as much in benefits as they do in salary, those governments are running short of money. Remember that so called public servants usually make 30 percent more than the people they serve.
So the Ashland daily tidings reports today that the League of Oregon cities wants to start taxing your home on the basis of market value, raising property taxes even though your house has lost a quarter of its value or more.
And every time a house is sold, taxes will go up again if the value rises. It’s time for citizens to start setting some limits on this tax insanity.