Portland is swallowing even more taxes

By Taxpayers Association of Oregon
OregonWatchdog.com

Portland voters just passed last night a 73% property tax increase with the new parks levy.   

The parks levy was supposed to be temporary many years ago, but now has become permanent and bigger than ever.  This comes as Portland voters approved a bigger zoo property tax and a billion dollar school bond measure (one of the most expensive in the nation) in the May Primary.

Portland is getting close to max taxation.

Residents are leaving for the first time in large numbers in 40 years.

Portland last year scored the #1 worst office vacancy rate in America, which then saw some commercial property values plummet by 80% upon sale.  When commercial property drops, so does tax revenue.

The City has been throwing out $250,000 tax credits to lure businesses back into the City.

This is unsustainable.

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