Oregon homeowners dont pay property taxes on the real market value of their homes, ever since Bill Sizemores cut and cap tax limitation. The 1997 initiative rolled property taxes back to 1995 levels, minus 10 percent, and only allowed the taxable value to rise 3 percent a year.
As a result, Multnomah County homeowners with similarly valued homes now pay wildly different property taxes.
Share of home value that county property owners are taxed on*:
0-10% 1,247 homeowners
10-20% 3,500
20-30% 4,840
30-40% 16,699
40-50% 48,720
50-60% 47,101
60-70% 39,747
70-80% 18,747
80-90% 4,375
90-100% 1,154
*Based on 2010 data
Source: Oregon Legislative Revenue Office