I gotta ask - periodically I look at Portland real estate on Zillow, but I'm exceedingly put off by the property tax bills. Is it just me, or are the properties on the west side of the city taxed at a higher rate than the rest? Why does a $700,000
house on the west side have a nearly $16,000 annual tax bill while a $900,000
house in Laurelhurst have a tax bill of $10,000?
I understand Measure 50, but it seems like this east-west divide is more than just the result of sales, but maybe I'm wrong. The less expensive house was last sold in 2005, the Laurelhurst property was sold in 2021. Am I missing something?