How does my property value (valuation) affect the amount of taxes I pay?
Your tax bill is determined by multiplying your assessed value times the tax rate. The assessor’s office determines your assessed value and the City Council sets the tax rate each May with the passage of the city budget. Since assessed values can change over time in response to market conditions and property improvements, the revaluation process updates property values to ensure those properties with greater value pay a larger percentage of the overall property tax obligation.

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1. Why have a property tax?
2. What property is taxed?
3. How is property assessed? (market value)
4. How is the mil rate (tax rate) determined?
5. How does my property value (valuation) affect the amount of taxes I pay?
6. What services do property taxes fund?
7. Why do assessed values change from year to year?
8. Why has my Homestead / Veteran’s exemption changed?
9. How can I appeal my valuation?
10. How can I appeal the tax rate?
11. How can I submit address changes or corrections?
12. What is the Portland Downtown assessment?
13. Was my Homestead Exemption or any other exemption applied to my bill?
14. Where can I get further information?