Super Vicki does the math for you
Here's a press release that the Portland School Board issued today:
Portland Public School's property tax rate, at $5.28 per $1,000 of assessed value, is among the lowest being collected by 18 school districts in the Portland metro area.
Multnomah, Washington and Clackamas counties send property tax statements out in waves of mailing through mid-October, and bills continue to arrive in mailboxes across the area. Payments are due by November 15. The three counties have not formally published their rates, but preliminary information gathered from each county assessor's office yields this ranking for 18 tri-county school districts, from the highest to lowest school taxes:
1. West Linn-Wilsonville School District: $9.19Fair enough. Of course, the timing of this public service is interesting....
2. Newberg School District: $8.27
3. Tigard-Tualatin School District: $7.67
4. Corbett School District: $7.09
5. Sherwood School District $7.07
6. Lake Oswego School District: $7.03
7. Centennial School District: $6.96
8. Canby School District: $6.94
9. Riverdale School District: $6.91
10. David Douglas School District: $6.83
11. Gresham-Barlow School District: $6.75
12. North Clackamas School District: $6.56
13. Hillsboro School District: $6.52
14. Beaverton School District: $6.29
15. Parkrose School District: $6.26
16. Reynolds School District: $5.95
17. PORTLAND PUBLIC SCHOOLS: $5.28
18. Scappoose School District: $5.17
All figures are for the tax rate per $1,000 of assessed value, and include property taxes for operations, local option taxes were voters have approved them, and existing capital bonds. Some school districts levy capital bonds over only part of their territory (due to previous school district mergers and other complications), so tax rates may not be uniform across the school district.
In Portland Public Schools, the median house is assessed at $123,630 (half are assessed at higher values, half lower) and has a "real market value" of $240,660. The typical homeowner thus is paying $653 in schools property taxes for PPS this year, or about $54 a month.
PPS TAX BACKGROUND: Portland Public School's property tax rates dropped by close to 30 percent last year, in the greatest part because of the end of two voter-approved tax levies: The five-year local option property tax voters approved in 2000, and the 10-year capital bond levy voters approved in 1995. In 2005-06, PPS taxpayers paid a rate of $4.77 per $1,000, the lowest among these 18 metro school districts.
This year, Portland Public Schools' tax rate rose by 50 cents, as the School Board renewed the gap authorization levy, as allowed by action of the Oregon Legislature during the spring 2006 special session.
LOOKING FORWARD: Future tax rates will depend on voters' decisions in the November 2006 election. Six of these 18 school districts are asking voters to approve capital bonds to buy land and to renovate or build schools (Beaverton, David Douglas, Hillsboro, North Clackamas, Reynolds and Sherwood). Portland Public Schools has a local option operating levy on the ballot (at $1.25 per $1,000 of assessed value, it would cost the typical homeowner $155 a year or less than $13 a month). If the PPS local option were in place during the current year, the tax rate of $6.53 would place PPS at 6th lowest among these 18 districts.