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County property taxes are due Nov. 15 |
On average, Dundee and Newberg property owners will
pay less than in 2003-2004; interest charged on late payments |
By
Andrea Olson, Newberg Graphic intern
E-mail Andrea at
aolson@eaglenewspapers.com
|
It’s that time of year
again: leaves, rain and temperatures are all falling. Lucky for
Newberg and Dundee area residents, something else has fallen:
property tax rates.
Nearly 40,000 Yamhill County residents received property tax bills
two weeks ago and payments are due Nov. 15.
Those living in Newberg will, on average, pay 3 percent less in
taxes this year than last, with a rate of $17.40 per $1,000 assessed
value. For a house valued at $150,000, that’s just over $2,600 —
nearly $100 less than in 2003-2004.
Dundee residents, receiving a 6 percent property tax decrease, will
pay $15.32 per $1,000 assessed value. Taxes on a $150,000 house will
be about $2,300 — about $140 less than last year.
Payments must be postmarked by Nov. 15 in order to avoid interest
charges. Payments may be made in as many as three increments;
discounts are available for those paying up-front all or two-thirds
of the amount due. Second payments are due Feb. 15, and third
payments May 16. Reminders will not be sent out.
The decrease in overall tax rate stems in part from a rate
reduction for the Newberg Area School District, which reduced its
tax levy request by $580,000.
Despite the local decreases, the county’s total 2004-2005
collection of more than $72 million represents a 3 percent increase
from the previous year. This is due to a 3 percent increase in
taxable property within the county due to new construction and
changes in law concerning taxable value.
The largest chunk of the property tax earnings, $34.6 million, will
be allocated to schools. Another $15 million will go to the cities
to fund operational costs such as police, city government and
development. The county will keep nearly $13 million of its
collections to cover county services and $3 million will go to park
and fire districts.
The tax rate is a compilation of rates for several districts
covering a particular area, said Dave Lawson, Yamhill County
assessor and tax collector. Newberg and Dundee are covered by eight
districts, including the school district, Chehalem Park and
Recreation, the county, the city and Portland Community College. |
|
From
Nov. 3, 2004,
Newberg Graphic
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