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Tax Effect on Various Bond Sizes

The attachment below offers one way to quickly estimate what the tax effect would be on various bond sizes.

This attachment estimates the tax effects on various bond sizes for every $100,000 of Assessed Value. It also provides the estimated tax effects to the typical homeowner in West Linn with an estimated Assessed Value of $200,000 and Real Market Value of $285,000.

Note: Assessed Value is used in the State of Oregon to calculate your property taxes. It is different from the true sales value of your home and different from the Real Market Value. The County Assessor's Office determines the Assessed Value of your property which is currently about 70 percent of its Real Market Value. Measure 50 which passed in 1995-96, controls property tax growth by placing an annual increase maximum on Assessed Value of no more than three percent.