Bend, Oregon Property Tax Increase Affecting All Property Owners In Deschutes County

Well, you can most likely expect an increase in your property taxes this fall.
This increase stems from the voter-approved change to Oregon’s Constitution, Measure 50, which passed In May 1997. Measure 50 limited taxing districts to a specific rate instead of a varying levy. Back in 1997 a constant appreciation in property values was anticipated by the authors of this measure, but the housing bust in 2008 proved them wrong  and Deschutes County property taxpayers will now start to see affects of this. 

Every property account will be different. Some will be impacted, others may not. This will depend on the taxable value of the home. This value is determined by either the real market value or RMV value which fluctuates with the market, or the maximum assessed value or AV value which increases by a slower – more predictable rate, whichever of these two is the lowest. For the first time in years, as the real market value of many homes will exceed the maximum assessed value, many property owners will see an increase in their tax bill. 

As this problem is not yet state wide, and not equal among individuals & properties, it may be a difficult problem for the Oregon Senate Finance Committee to find a solution for it. For more information visit the Deschutes County Assessor’s Office.  We have posted there website here:

Deschutes County: http://www.deschutes.org/Assessors-Office.aspx

Jefferson County: http://www.co.jefferson.or.us/Assessor/tabid/1380/language/en-US/Default.aspx

Crook County: http://co.crook.or.us/Departments/Assessor/tabid/1865/Default.aspx

Oregon: http://www.oregon.gov/dor/ptd/Pages/ic_303_670.aspx

I hope you've found this information helpful and if you have any questions about the Central Oregon Real Estate Market or if we can help you with your next purchase or sale,please call us or shoot us an email to the numbers posted here.

Thanks again and have a great day!

Jim Birtola
Designated Broker & Owner
Birtola Garmyn High Desert Realty
www.BendOregonRealEstate.com
541-312-9449

Serving all of Bend, Redmond, Sisters, Sunriver, La Pine and all of Central Oregon with Integrity - Honesty - Sophistication 

Experience Isn't Expensive It's Priceless! 

We SOLD over $1 Billion Of Central Oregon Real Estate Since 2001

Rental Property Ownership Manageable

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With interest rates as low as they are these days, many investors are getting in on the action and buying properties to rent out.  In fact, what used to be a market where renters were paying less rent than homeowners were paying in mortgages has now flipped around.  Property owners that are paying a mortgage can demand rent that is at least a few hundred dollars higher, if not more, yielding a sizable “instant” return on investment.

We talked to a property manager to find out where the rental market stands today and why it makes sense to hire a management company as opposed to tackling it all on your own.

What’s Happening in the Rental Market Right Now?

The most notable difference in the rental market recently as opposed to just a few years ago is that we are finally witnessing an improvement in tenants’ ability to support rental living.  With the economy slowly gaining momentum again, rent values are heading slightly up or at least remaining constant.  Some markets that were exhibiting declines in rent values are now seeing rates that rival those from 2008, a much stronger rental period across the board.  Keeping with the positive trend, areas that showed stable rental statistics between 2008 and present will likely experience a bit of an increase or at least remain flat.

Why Would Some Use a Property Management Company?

At a time when the economy seemingly has a long way to go before a complete recovery, many potential or existing owners of rental properties may be reluctant to spend on having their property managed. However, there are several reasons that it makes sense to hire a management company to handle all aspects of the rental business.

First, the process of screening tenants, handling all background checks, leasing units to those with approved applications and assisting with the move-in process is managed by the company.  Promotion of the location, attracting viable tenants that fit the desired demographic profile plus communication and operations – are all things that fall within the parameters of a property management company. 

Also, document maintenance and preparation that comes in handy when it comes times for accounting and taxes is also managed. Depending on the number of units in the property, the amount of paperwork can be staggering.  With someone handling all of these details, it allows the property owner to focus on other things.

By hiring a company to handle all on-the-ground aspects of running the property, the investor is then given a lot of freedom to travel or spend time in another county, state or country while continuously yielding the benefits of rental income and rental property ownership.

Finally, one of the most tedious aspects of rental properties is the need for 24-hour maintenance.  Late-night emergency calls, routine and other maintenance issues, assistance with grounds keeping plus other upkeep tasks are all managed by an experienced, organized staff that is well-versed in managing these aspects of rental units.

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If owning a rental property sounds good to you, be sure to consult with your Realtor to find the best properties available out there right now.  And of course, by hiring a property management company you can enjoy flexibility and freedom while at the same time be rest assured that your property and tenants are in good hands!

Getting to Know Team Birtola Garmyn

Check out this write-up from our friends at Intrepid Forward

And now, a word from Hans and Franz... 

Sep25 by Intrepid Marketing

Intrepid Biz of the Week: Team Birtola Garmyn High Desert Realty

Hello little girlieman Facebook-blog readers. This is Hans and Franz. Why are you just sitting there in your little ergonomic chair with the tiny little squeaky wheels instead of working out? Don’t you want to look like us? Of course you do!

You might also be asking yourself, “Why are twin pillars of muscleitude like Hans and Franz taking time to talk to people who are not as much huge as we am?’”

That’s because we want to tell you about two other Awesometonians from the planet Awesometon where we were born. They are the us of the realty world.

“We’re here to pump you up!”

They cannot curl a metric ton of iron (as a warm up) or derail a train with a single pectoral twitch like we can, but they move vast amounts of real estate that make other realtors look like Flabby McFlabmeister—yah! They will market your home or help you find the right home with super space technology they stole from the future, and an unstoppable army of pumped up real estate powerhouses. Team Birtola-Garmyn ranks #1 in Oregon and they have constantly ranked in the Top 3 Prudential Teams in the USA!

But here’s what we think is flextastic: These aren’t pencil-neck desk jockeys who will get a hernia trying to push a SOLD sign into moist playground sand. The Rubenator was a Navy weapons technician and a Serpico-tough cop before turning his sights on Central Oregon real estate. Jim has a black belt in Tae Kwon Do…and he likes marine aquariums and judo-chopping large man-eating sharks into sushi. But just like us, they’re totally friendly and stuff, yah, and they’ve been helping lots of people for the last 20 years.

Look at this tiny little picture. This just demonstrates the awesome humility of the Hans and Franz of real estate—Jim Birtola and Ruben Garmyn. To them, it’s all about the customer. We give them two biceps up!

Visit Team Birtola-Garmyn on Facebook HERE  or we’ll come over and show you what “house flipping” really means, yah?

Written By Kelly Walker at Intrepid Forward