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A $652.8 Million Dollar Property Tax Increase
Is Not Making Your Home More Affordable
If a person cannot afford their mortgage or their rent, does it make any sense to raise property taxes on those same homes by a total of $652.8 million? Apparently, if you are Metro Regional Government, the answer to solving our housing crisis in the Portland Metro Area is higher taxes.
Citing a growing housing crisis in the Portland Metro Area, Metro unanimously forwarded a measure to the November 2018 General Election Ballot to raise your taxes by $652.8 million. Despite Metro’s own projections that nearly 48,000 units are needed in the Metro Area to adequately provide enough affordable housing for the region, Metro is asking you to pay $652.8 million so they can build, rehab or buy as few as 2,400 and perhaps as many as 3,900 units for a very select few who qualify.
Think about that for a moment: $652.8 million in increased taxes to build 5-8% of the total need. While you are trying to figure out how to make ends meet with a huge mortgage or rent payment, Metro wants you to dig even deeper so they can build housing that helps a mere 5-8% of the population. What about the rest of us?
It’s time to send a message. It’s time for Metro and our regional leaders to stop asking for money and to start providing real solutions to our housing crisis.