How will the value of my land change if it is included in urban reserves, the UGB or the city limits?

There is no effect on the taxable value of land as a result of solely including property in urban reserves. 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 property redevelops or changes use, Oregon state law limits the increase in a property’s assessed value to 3 percent 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 in urban reserves was later brought into the UGB it is likely that its market value would change, but this alone would not necessarily change the tax rate or the assessed value. If a property is annexed into the City limits, the tax rate applied to the taxable value of the property will increase, and the overall tax burden will increase accordingly. See the property owner matrix for more information.

Show All Answers

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 I get City services, such as water and sewer, if my property is included in urban reserves?
4. If my property is in urban reserves, then brought into the UGB, will I be required to annex into the City?
5. Can I keep doing what I’m doing on this land if it is included in urban reserves?
6. How will the county regulate my land if it is included in the urban reserves?
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. If my septic system fails and I am within the UGB but outside of city limits, will I be required to annex?
10. What’s the likelihood that my property will come into the UGB if it’s in urban reserves?
11. 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?
12. What will the impact be on my tax rate if my property is brought into urban reserves?
13. How will the value of my land change if it is included in urban reserves, the UGB or the city limits?
14. How does urban reserves adoption work?
15. When will the public hearings happen?
16. How can I watch or attend meetings?
17. What do I do if I still have questions? How do I provide my input?
18. Return to Urban Reserves Web Page