How will my land value change if my land is in Urban Reserves? How will my taxes change if my land is in the UGB or the city limits?

There is no effect on the taxable value as a result of solely changing the land use designation of a property. For private property, the taxable value is equal to the property’s ‘assessed value,’ which is, by law, lower than the market value of the property. Unless the property redevelops or changes use, Oregon state law limits the increase in a property’s assessed value to 3% per year, and it cannot exceed the property’s real market value. It is normal for the market value of a property to fluctuate year-to-year and this does not trigger a recalculation of the Assessed Value.

If a property were brought into the UGB it is likely that its market value would change, but this alone would not change the tax rate or the assessed value. However, if property is brought into the UGB and then the use of that property changes to be consistent with the new zoning then the assessed value would be recalculated. If the rezone occurs, but no new development occurs that shows use is consistent with the new zoning, then the billed taxes proceed as normal. If a property is annexed into the City limits, the tax rate applied to the taxable value will increase, and the overall tax burden will increase accordingly. See the property owner matrix for more information.

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1. How do I know if my land is being considered for inclusion in Urban Reserves?
2. What will happen if my property is included in Urban Reserves?
3. Will Urban Reserves put restrictions on my property?
4. What policies are being considered?
5. Can I keep doing what I’m doing on this land if it is included in Urban Reserves?
6. Will I still be able to build a single-family home on my property?
7. Will Urban Reserves impact agreements set out by Homeowners Associations (HOAs) or through Covenants, Conditions and Restrictions (CC&Rs)?
8. Do I have a choice about whether my property is included Urban Reserves?
9. Will I get City services, such as water and sewer, if my property is included in Urban Reserves?
10. If my property is in Urban Reserves, then brought into the UGB, will I be required to annex into the City?
11. What’s the likelihood that my property will come into the UGB if it’s in Urban Reserves?
12. What will be the impact on my taxes if my property is brought into the UGB?
13. If my property is zoned Exclusive Farm Use and is included in Urban Reserves, would I lose my farm tax deferral? What if my property was brought into the UGB?
14. How will my land value change if my land is in Urban Reserves? How will my taxes change if my land is in the UGB or the city limits?
15. How does Urban Reserves adoption work?
16. When will the public hearings happen?
17. Will the Fall 2021 meetings be virtual or in person?
18. How do I provide my input? Who do I provide it to?
19. Return to Urban Reserves Web Page