Comment by Sohcahtoa82

It would for me! :-D

But only because Oregon has a nice law that makes it so the assessed value for a house for property tax calculation purposes can't rise more than 3% per year. My house is estimated to be worth $550K, but I'm being taxed as if it's only $250K.

Which is nice for a homeowner as you're totally screwed by the rising housing market, but it makes new housing harder to sell since your tax will start where it needs to be, whereas buying an existing home keeps your tax low.

Also causes problems when areas gentrify, but the city isn't collecting enough tax to make improvements that are expected by the residents.