Property values continue to rise in Benton County
Thursday, October 15, 2020
According to the annual study to establish real market values, 2019 home sales showed an upward trend in real market values in Benton County. That increase will be reflected in tax statements for property owners this fall.
The increase in real market value does not directly affect a property’s taxable value. Property is taxed on its assessed value. A property’s assessed value is the lower of its real market value and its maximum assessed value. The maximum assessed value is the taxable value limit established for each property and is limited to a 3% annual increase unless there is a change or addition to the property.
Manufactured home values have increased sharply over the last 5 years throughout Oregon. The average real market values have increased by 67% in Benton County since 2016. Personal property manufactured home structures are located mostly in rural areas or one of 17 manufactured home parks throughout Benton County.
2020 tax statements and certified values are now available on the Assessor’s website and will be mailed out no later than October 25. The Assessor’s office continues to encourage communication via telephone or email, and request that visits to the office be done by appointment. In order to best serve you, please call the office at (541) 766-6855 with any questions regarding your property values. You may also submit an email inquiry or request for an in-office appointment to email@example.com.