Oregon homeowners don’t pay property taxes on the real market value of their homes, ever since Bill Sizemore’s “cut and cap” tax limitation. The 1997 initiative rolled property taxes back to 1995 levels, minus 10 percent, and only allowed the taxable value to rise 3 percent a year.

As a result, Multnomah County homeowners with similarly valued homes now pay wildly different property taxes.

Share of home value that county property owners are taxed on*:

0-10% 1,247 homeowners

10-20% 3,500 “

20-30% 4,840 “

30-40% 16,699 “

40-50% 48,720 “

50-60% 47,101 “

60-70% 39,747 “

70-80% 18,747 “

80-90% 4,375 “

90-100% 1,154 “

*Based on 2010 data

Source: Oregon Legislative Revenue Office