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A Case Study on the Accuracy of Real Market Values on Tax Statements

Real Estate and Land Use


3/30/2017 by Michael Mangan

A Case Study on the Accuracy of Real Market Values on Tax Statements
In my previous Ear to the Ground post, I discussed real market values and how they can become inaccurate on your tax statement. For this week’s post, I wanted to offer a real-life example of how this discrepancy played out for a client of mine and how we resolved the problem in my client’s favor. About five years ago, I received a call from a client upset with his County assessor. He owned an industrial building along the I-5 corridor and building next door – which had been constructed within a few years of his with the exact same architectural plans – had recently sold for $5 million. Yet when my client received his tax statement, his real market value ("RMV") was still assessed at $10 million.

Is the Real Market Value on Your Tax Statement Accurate?

Real Estate and Land Use


3/23/2017 by Michael Mangan

Is the Real Market Value on Your Tax Statement Accurate?
One of the most common questions asked about property tax in Oregon is whether the assessor's real market value ("RMV") is accurate. The short answer is, probably not. There are two reasons for this. First, Measure 50, passed in Oregon in 1997, has taken the focus of assessors away from real market values and turned it toward formula-driven assessed values. I'll be addressing our legislature's efforts to unwind Measure 50 in a future post.

Housecalls Are No Longer a Thing of the Past

Real Estate and Land Use


3/16/2017 by David J. Petersen

Housecalls Are No Longer a Thing of the Past
If you know what a housecall is, you've dated yourself. If your doctor has ever made a housecall to you, you've really dated yourself. Or maybe not, as housecalls are staging a comeback – recent data shows they can save serious healthcare dollars. Portland-based nonprofit Housecall Providers leads the way, providing in-home medical services for homebound patients across the Metro area. The range of care provided by Housecall Providers and similar service providers covers all stages of life, from primary care through hospice services. Transitional care to manage recovery following emergency room visits and hospitalizations is emphasized, to improve the healing process and reduce the likelihood of a return to the hospital.

Gunderson Marine Barge Launch—More than Just a Vessel

Environmental, Manufacturing


3/9/2017 by Jeanette C. Schuster

Gunderson Marine Barge Launch—More than Just a Vessel
Last month, I attended Gunderson Marine's launch of the OneDREAM, an articulated barge built for Harley Marine Services with a capacity of over 80,000 barrels and a length of 428 feet. What struck me most about the whole affair, standing amidst 200-ton whirley cranes, gigantic hulks of steel, and robust workers watching the proud affair, is that there were tears. Tears! People get emotional about a barge launch.

Portland Loves Coworking

Real Estate and Land Use


3/2/2017 by David J. Petersen

Portland Loves Coworking
Portland is already the ninth-largest market in the U.S. for coworking space, and that was before WeWork signed a lease for 30,000 more square feet on the top floor of Pioneer Place in January. The new WeWorks space in Portland joins their other coworking space in the former customs house in Old Town, as well as coworking facilities offered by CENTRL Office, Collective Agency, TENPod, and probably others too. For those of you trapped in your cubicles or a traditional office with four walls and a door (maybe a window if you're lucky), coworking is a style of shared workplace for members that provides typical office amenities like conference rooms, printing and copying, and coffee. Membership levels provide varying levels of use rights, from shared use of a common work area to reserved desks and traditional offices.

It Doesn’t Take a Weatherman...

Environmental


2/23/2017 by Janet Neuman

It Doesn’t Take a Weatherman...
Actually, sometimes it does take a weatherman. Or a weatherwoman, as long as he or she is a real meteorologist, with an actual degree in SCIENCE, as Bill Nye the Science Guy might say. A month ago, when record snow was dumping on Portland and across the state, the Oregonian ran an article titled: "There’s snow in Portland, so is global climate change even real? Yes, say scientists." National Weather Service meteorologist Jon Bonk explained to the reporter why the record snowfalls and cold temperatures in Portland do not disprove climate change, or “global warming” as some non-scientists still call it. My favorites of his quotes: “’Climate’ is what you expect, but ‘weather’ is what you actually get.” “A single weather event doesn’t prove anything about climate change.”

Portland General Electric Wants to Electrify Your Commute

Energy


2/15/2017 by Stephanie J. Grant

Portland General Electric Wants to Electrify Your Commute
In December 2016, Portland General Electric released its "Transportation Electrification Plan." The objectives outlined in the Plan position PGE as leader among electric utilities in embracing electric transportation. The utility's goals include encouraging more people to choose electric transportation options, effectively integrating electric vehicles into its grid; and to making purchase and use of electric vehicles easier for consumers. PGE's proposed initiatives range from community outreach to installing charging stations for TriMet busses and private vehicles. For example, some Portland residents may already be familiar with PGE's "Electric Avenue" charging site downtown at World Trade Center.

Downtown Parking Lot Facelift Starts With The Collective

Real Estate and Land Use


2/9/2017 by David J. Petersen

Downtown Parking Lot Facelift Starts With The Collective
Construction is underway for one of the first of many development projects slated for downtown surface parking lots owned by the Goodman family's Downtown Development Group. Due to open in fall of 2018, The Collective is a 15-story mixed use apartment building planned for 425 residential units and underground parking at SW Fourth and Harrison. New-to-Portland developer Core Spaces will develop the project. An anchor grocery store and restaurant are targeted for the ground-floor retail.

Mind Your Tail—A Visit to Banfield Pet Hospital's New Corporate Headquarters

Real Estate and Land Use


2/7/2017 by Jeanette C. Schuster

Mind Your Tail—A Visit to Banfield Pet Hospital's New Corporate Headquarters
At a recent meeting at the new corporate headquarters of Medical Management, Inc. dba Banfield Pet Hospital ("Banfield"), I took some time to admire the beautiful spaces that mark Banfield's showcase new headquarters located in Vancouver, Washington, and the many smiling dog faces encountered at every turn. Banfield moved its corporate headquarters from its previous, long-term location in NE Portland to Vancouver to accommodate the company's growth (over 800 employees work there). The location of Vancouver was chosen to minimize commute times and staff disruptions.

Water, Water Everywhere: Coming Soon to a Legislative Chamber Near You

Water Law


2/3/2017 by Janet Neuman

Water, Water Everywhere: Coming Soon to a Legislative Chamber Near You
Water is a real estate issue, a business issue, a taxpayer issue. Whether you're a developer, a farmer, a city manager, a manufacturer, or "just" a taxpayer, I think you’ll be hearing a lot more about water in the next few months. Last summer, The Oregonian ran an excellent, in-depth series of four feature articles about water. That, in itself, is news since water issues rarely make the front page in the metro area. Boiled down to its essence, the series demonstrated that Oregon's water management system is out of balance, particularly when it comes to groundwater. The state doesn't have sufficient data about Oregon's groundwater resources to assess the impact of new requests to pump, but the default response has been to issue permits anyway.

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