Oregon&#x27;s real estate taxes are modeled after California&#x27;s. They are capped at 3% increase per year (in taxable value, increases in individual levies can lead to more than a 3% increase year over year).<p>My house is about 10 years old and I pay ~1.5% of it&#x27;s resale value in taxes annually. Granted, that&#x27;s much higher than my neighbor who occupies his childhood home built in the 1960s but it&#x27;s hardly outrageous compared to other parts of the country.<p>One difference in OR, in addition to selling a home, a significant improvement (ie adding an additional bedroom) can lead to a resetting of the taxable value at current market value.