Welcome to the BettyJung.com Blog

2019-09-17 05:56:32
Lake Oswego Real Estate The Tax Man Commeth

It is getting close to that time of year when property tax statements will be sent to homeowners.  Oregon has a confusing tax schedule and I was recently asked about our property taxes and pro-rates, something you should know if you will be selling your home soon.

Real Property Taxes

Property taxes in Oregon are based on a fiscal year of July 1st through June 30th. Real property taxes are a lien as of July 1st, but are not payable until the County has certified its tax rolls.  Taxes are usually certified in October.

Taxes are considered current if paid in increments of 1/3 as follows:

  • DUE AND PAYABLE ON NOVEMBER 15: for the months of July, August, September and October
  • DUE AND PAYABLE ON FEBRUARY 15: for the months of November, December, January, and February
  • DUE AND PAYABLE ON MAY 15: for the months of March, April, May and June

The Title Company/Escrow will handle the pro rates as to what is owed back to the seller and what a buyer will owe in real property taxes.

PRORATES

Proration is a method of making an equitable adjustment between two or more parties on any items, such as property taxes, which have been prepaid by one of the parties.

If a seller pays his taxes in full on November 15 and sells his property on March 1st, the seller is entitled to a reimbursement from March 1st through June 30th, the last day of the fiscal year.

If however, prorating between July 1st and the date taxes are certified, the only figure available is the prior year's taxes.

Thinking of Selling Your Lake Oswego Home?

Prices are still increasing in Lake Oswego. Interest rates are low and there is still buyer demand. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

SEARCH FOR REAL ESTATE

There are links above to search for real estate.  Or check out my website where you can search or you can use my mobile phone app as well. My website and mobile app provide you with access to all listings available on the RMLS™ system regardless of who the listing agent or brokerage may be. Listings are updated frequently throughout the day giving you the information you need, when you need it.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1978 and have lived in Lake Oswego since 1988 and know all the neighborhoods! I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2019. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

 
Blog Archive
2019-11-30 16:05:59
Lake Oswego Real Estate Believe It Or Not!

2019-11-13 17:52:31
Lake Oswego Real Estate RMLS Market Action Report October 2019

2019-11-04 17:19:16
Lake Oswego Real Estate RMLS Market Action Report September 2019

2019-10-16 17:31:07
Lake Oswego Halloween Events

2019-09-23 16:47:48
Lake Oswego Real Estate 5 Reasons To Sell Your Home In The Fall

2019-09-18 16:23:48
Lake Oswego Real Estate Small Changes Can Make A Big Difference

2019-09-17 05:56:32
Lake Oswego Real Estate The Tax Man Commeth

2019-09-16 18:46:43
Portland Metro Real Estate Price Appreciation YTD

2019-09-13 03:33:49
Lake Oswego Real Estate RMLS Market Action Report August 2019

2019-08-15 15:58:55
Lake Oswego Real Estate RMLS Market Action Report July 2019

2019-08-09 16:10:13
Luxury Home Sales In Lake Oswego Over $1M

2019-08-07 18:38:14
Lake Oswego Real Estate Condo Stats YTD 2018 and 2019

2019-07-18 15:34:40
Lake Oswego Real Estate Oregon Rent Control Landlord/Tenant Law

2019-07-14 16:53:34
Happy Hour Q&A July 25 from 4-6 p.m. RSVP

2019-07-14 15:51:54
Lake Oswego Real Estate RMLS Market Action Report June 2019

2019-06-15 16:33:18
Lake Oswego Real Estate Sewer Bellies

2019-06-14 15:38:30
Lake Oswego Real Estate RMLS Market Action Report May 2019

2019-06-13 14:07:16
HOT NEW LISTING - West Linn, OREGON

2019-06-07 16:56:05
Real Estate Inventory By Portland Metro Areas

2019-05-26 16:07:55
Lake Oswego Concerts In The Park 2019

2019-05-18 14:30:55
Lake Oswego Real Estate Southwood Park Neighborhood Annexation

2019-05-17 18:04:54
Lake Oswego Real Estate RMLS Market Action Report April 2019

2019-04-20 16:52:58
Seniors And Boomers How To Cut Your Utility Bills

2019-04-18 17:13:25
Seniors, Boomers And Small Houses Blog

2019-04-16 18:27:12
Lake Oswego Real Estate This Week Stats Lake Oswego Zip Code 97035

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.