Practical answer · Money and taxes
Measure 50 keeps market and assessed values on different tracks
Why market value and assessed value can move on different tracks, and where Measure 5 fits.
The ordinary rule is stable, but a current record, boundary, rate, deadline, or personal fact can change the result. Last reviewed against the listed sources July 18, 2026.
An Oregon tax bill can show a real market value far above the assessed value without being wrong. Assessed value is the lower of real market value and maximum assessed value.
For unchanged property, maximum assessed value can usually rise no more than 3 percent a year. New work and other exception property use different rules. Measure 5 limits some operating taxes. Bond taxes sit outside those limits.
For a Multnomah County account, read the county statement and assessor record together. Do that before comparing the bill with a sale price or a neighbor’s bill.
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Last reviewed against the listed sources: July 18, 2026.
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