Aimee Virnig

09/19/2025

The Montclair Mid Century on .73 acre

03/08/2025

Hope to see you Saturday!

10/30/2023

Buyers Win! Extensive Remodel only $699,000!

10/30/2023

Studs out remodel in Roseway, only $699,000!!

10/30/2023

Looking for DONE DONE DONE! Hard to find at this price!

10/28/2023

😬 👻 It’s property tax time!!

Property Tax Basics

10/28/2023

Warning! Super 😱 👻 information!!!!

It’s that time of year again and I have had a few calls about ADU taxation in Multnomah county…. This is complicated explanation (and way too long, sorry!) but directly from the mult co assessors site::

“How will adding an ADU affect your property taxes?

In accordance with OAR 150-308-200(link is external) (formerly OAR 150-308.156(B)), Multnomah County assesses and taxes ADUs the same as any other new improvement to property:

A Multnomah County appraiser will review/visit your property to appraise the entire property, including the new ADU, for purposes of Real Market Value determination.
The added value associated with the construction of the ADU (and any other new improvements to the property) will be assessed.
Estimating Additional Taxes

The potential additional taxes associated with the ADU can be estimated by the following: The formula can be thought of as “ ((New Real Market Value Added x Changed Property Ratio)/1000) x Millage Rate) = Tax”

Changed Property Ratio (CPR) is a requirement per Oregon Administrative Rule 150-308-0170. The changed property ratio is the method in determining how new improvements to a property are assessed. The changed property ratio is determined by dividing all unchanged properties maximum assessed value by their real market value. This ratio is broken down into the property class a property is classified, such as Residential, Commercial and Industrial.

Market Value: If you are hiring a contractor to do the work, the cost of construction might be one type of estimate of a value for the new ADU. However, keep in mind that the cost does not necessarily equal market value.

Changed Property Ratio (CPR): look up the current changed property ratio for your property type. County Website CPR Data

Tax Rate: To find the tax rate for your area, locate the "code area" on your tax bill. Using the Levy Code Area Rate Sheet, look up the "total all rates" amount for your code area. Rates are expressed in dollars-per-thousand ($1/$1000).

Estimated Market Value of New Construction x CPR = Additional Assessed Value
Additional Assessed Value/1000) x Tax Rate = Estimated Additional Tax Amount
Warning: The above will not result in actual tax change as using historical Change Property Ratios and Mileage Rates will probably be inaccurate as both will not be the same for a future tax year. Change Property Ratio’s change every year and additional bonds and other measures are passed annually by the public. Also, results for properties in compression, going into or out of compression the following year, may differ.

For information on permitting fees and building requirements, contact the permitting jurisdiction for your property. The Multnomah County Assessor's office is not the authority for permitting or building requirements.

Questions?

If you have more questions regarding the property tax implications of constructing an ADU, contact DART.”

12/05/2022

https://3260SummerlinnDr.wreproperty.com/
Price reduction on this West Linn Beauty! High style with 2 bedrooms, 2.5 bathrooms and access to pool, sport court, clubhouse and park with tennis and pickle ball. Only $375,000!

2 beds, 2.1 baths listing in West Linn, OR for $375,000

12/05/2022

http://86KingsgateRd.wreproperty.com/
Yes you CAN live in Lake Oswego for under $300,000! This 2 bed, 2 bath, ground floor, one level condo has a pool and association with Mountain Park! Such a great opportunity!

2 beds, 2.0 baths listing in Lake Oswego, OR for $295,000

10/28/2022

Duplex Life!!
Incredible side by side duplex with large units (each is 1736sf with 2 bedrooms and an office plus a basement and outdoor space)
Fight inflation with a rental property!!
Available at: $825,000
For more info click here: https://1305NE21stAve.wreproperty.com/index.html

10/28/2022

Stunning Modern in Sunnyside/Hawthorne!
Rare Modern on independent lot
Lower level set up as a mother-in-law suite
4 beds 3.1 baths
Available at: $1,250,000
For more info click here: https://1356SE33rdAve.wreproperty.com/index.html