Trends of areas just outside the Eugene/Springfield, Or, area are still super hot. Two years ago, if I saw a 1M+ priced property, I would next look at what sort of acreage was included, expecting at least 50 acres, a view and a stream running through it.
I'm seeing more and more listings for twenty year old homes in 1M+ ranges, with 5 to 7 acres with single story ranch styled houses with 2 baths and three bedrooms and two car garages.
In the city limits, and urban growth boundaries, there isn't much of a bump, but these areas that surround the metro areas are on fire.
A neighbor recently sold three, 10 acre, build-able lots, each for more than my entire tax assessed value of my 20 acres with a 3600 Sq. foot, two bedroom, two bath house, and two car garage, in place.
And yes, I'm on pins and needles, if there is any sort of reassessment for the Prop taxes which is about 4K a year now.
Folks in the city limits, pay twice that just for the privilege to have a homeless camper set up in front of their house, and spread garbage everywhere.
Well, I guess for their taxes, in the city, they do get a free Library Card which would cost me $30 a year.
What I would like to see, is that if a land owner thought the evaluation, of which the taxes are applied, was considered to be unfairly too high, then the County was obligated by law to buy the property at its assessed value. If the property owner would invoke this law, if they wanted to.
The County would be forced in to a first option, at the assessed price. As far as I know, this isn't the case anywhere.
People end up in bad situations whereby the taxes are based on inflated taxes, based on inflated prices, of surrounding properties, that they can't control at all. And never expected to pay for all the development around them.
