What You Need To Know About Omitted Property Taxes

Dated: 11/13/2018

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A growing number of Oregon homeowners are getting hard hit by omitted taxes which occur when county assessors realize real property is worth more than they thought and pursue the unpaid taxes.

You might wonder…how does this happen?

Assessors have the ability view your property online, thanks to sites like Zillow, Trulia and Redfin providing satellite images with clues to assessors that homes may have been improved upon.

There is now a huge increase in counties going after property tax values that the assessors had previously missed.  As a result, some homeowners are getting hit with unexpected tax bills!

Making matters worse, homeowners COULD be held liable for taxes that occurred before they owned their home if the county assessor was unaware of improvement made by the previous owner. They can collect back taxes for up to 5 years.

If you are considering purchasing a home that is being “flipped” or has had recent improvements made, you will want to make sure the taxes reported accurately reflect the real property.

If you’re thinking about purchasing a home, take a look at our most popular listings HERE

You can even come by our Wilsonville office, our team would love to meet you!

We have three locations to serve you in Portland, Wilsonville, and SW Washington. Call us with questions! 503-502-3330

If you receive an omitted tax bill, know that you have a right to appeal inaccurate information.

For more information on omitted taxes, contact your county assessor or consult a specialist in this area, you can go HERE for a list of county websites.

Excerpts taken from the Portland Tribune, read the full article HERE.

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Jaimy Beltran

Meet Team Beltran’s Fearless Leaders Jaimy, along with his wife Sherine, owns and manages Beltran Properties at eXp Realty. The Beltrans have been successfully selling real estate in the Portland a....

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