GaSandra Carlson of Envoy Mortgage talks about the FHA 203 K Loan. This is a Rehab loan that allows buyers to buy a home that needs some work and borrow enough money to Rehab the home. This loan can also be used a tool to refinance and rehab your home/. After you watch this video. If you have any questions please feel free to contact GaSandra at (503) 967-5099
NMLS # 487425
(503) 967-5099 Office
(503) 351-1802 Cell
This information will help you decide how to appeal your property value to the Board of Property Tax Appeals (BoPTA). Your appeal must be postmarked or delivered by December 31.
Use this Glossary of Value Terms to help understand your tax bill and prepare your appeal.
Before you file an appeal, please contact our office (via live chat(link is external), phone or email) for more information about how your property value was determined. Our appraisers will help you understand your value and if it should be adjusted.
You may file appeals for the following reasons:
When considering an appeal, keep in mind:
After your current year property tax statement is available, you have until December 31 to submit your petition to The Board of Property Tax Appeals (BoPTA). BoPTA can only consider petitions for the current tax year value.
Your petition must be postmarked or delivered by December 31.
Hearings will take place between the first Monday in February through April 15. You will be notified by mail of your hearing date and time.
501 SE Hawthorne Blvd, Suite 175
Portland, OR 97214
Email form request to BOPTA@multco.us(link sends e-mail)
You must submit a separate completed petition for each account. The filing fee is $30.00 per account.
If we receive your petition without the filing fee, you have 20 days from the date of notification to submit the fee or the petition will be dismissed.
Appeals are accepted by mail or in person only. Email or fax submissions are not accepted.
Board of Property Tax Appeals
PO Box 5007
Portland, OR 97208-5007
501 SE Hawthorne Blvd, Suite 175
Portland, OR 97214
Business Personal Property value for the current tax year may be appealed to BoPTA. Paperwork must be postmarked no later than December 31.
Late filing penalties for business personal property may also be appealed to BoPTA separately.
The cost for each appeal is $30.
Personal Property Petition (468.98 KB)
Waiver of Late Filing Penalty (152.42 KB)
Hearings start in mid-February and run until April 15. Hearings take place in 10 minute increments from 9 am-2 pm, Monday-Thursday at the Multnomah Building (501 SE Hawthorne Blvd, Portland, OR 97214).
Generally, to be successful in your appeal, you must provide evidence of the market value of your property on January 1 of the assessment year. A strong case requires careful preparation. Remember, it is your responsibility to prove that the Assessor’s value is too high.
The only evidence BoPTA can consider is what you provide with your current appeal. Evidence from previous appeals will not be considered. You may send your evidence with your petition, or bring it at the time of the hearing.
Here are some examples of evidence BoPTA may consider:
If you wish to submit comparable sales as evidence, an example of a Comparable Sales Grid is available.
Any evidence you provide to BoPTA will not be returned to you. If you wish to keep the original documents, you may submit copies to the Board.
A typical residential hearing is limited to a total of 10 minutes. All hearings in which a petitioner (or representative) is present are recorded. Most recordings are available for review upon request. During this 10 minutes you will:
You must make your statement, present your evidence, and allow for questions within the 10 minute period. Remember that BoPTA is concerned with property values for the current assessment year, not large increases over last year’s value or increases in tax amounts.
The process is informal. You should expect to be treated with courtesy. The Chair must, however, adhere to the time schedule and you will be asked to cooperate in this regard.
BoPTA members are private citizens appointed by the Multnomah County Board of County Commissioners. They are not professional appraisers, but have training, experience and knowledge in property valuation.
BoPTA members are not part of the Assessor’s Office. BoPTA members are not part of the Assessor’s Office and they play no role in setting any of the values on your property.
BoPTA may be thought of as a panel which decides the value of your property based on the evidence you present.
BoPTA hears all the day’s testimony before making any decisions. The decision-making process is typically between 2-4 pm. You are welcome to observe this process, however you will be unable to comment or offer any further testimony.
BoPTA’s decisions are not available by telephone.
Whether you are present for the decision-making process or not, a written Board order will be mailed to you or your representative within 8-10 business days after the hearing.
Information and instructions on appealing BoPTA’s decision to the Oregon Tax Court will be included with the written decision. For more information, visit the Oregon Tax Court’s website(link is external).
Spring is approaching fast and it is usually the busiest time of the year for home buying. After a long and cold winter, many people are ready to enjoy the nicer weather and begin to shop for a new home. Spring is also the perfect time for home buying for families with children because it allows them to move during the summer without interrupting school.
Home buying has costs associated with it other than the mortgage itself. Known as closing costs, these fees are a part of the home buying process and they are due at the time that the mortgage is finalized. Buyers, however, can negotiate these costs and reduce the expense with a little bit of effort and with the help of a good mortgage professional.
If you are thinking of buying a new home in the spring here are three helpful tips to reducing your closing costs.
Compare All of Your Mortgage Options
If you’re using mortgage financing to cover some of the up-front purchase cost of your home you’ll have other closing costs to pay including lender fees, mortgage insurance and more. Be sure to compare all of your options with your trusted mortgage adviser to ensure that you’re getting the best possible deal and paying the least amount in fees and interest.
You may also be able to save a bit on your closing costs by choosing a “no points” mortgage. In this type of mortgage you’ll end up saving on closing costs but you’ll be left paying a higher interest rate. Spend a bit of time doing the math to determine the best course of action.
Third Party Fees
Some of the closing cost fees will be associated with third party vendors that must perform required services. Home appraisals, title searches, and costs for obtaining credit reports are some of the items included in this area. While these may be a little harder to negotiate because the lender uses specific companies to perform these services, it does not hurt to ask if you can use your own appraiser or title search company.
Zero Closing Cost Mortgages
Buyers may also wish to inquire about a no closing cost mortgage. This type of mortgage eliminates all closing costs. The lender covers all of the closing cost fees in exchange or a slightly higher interest rate on the loan. In most cases the increase is less than one-quarter of a percent. This type of loan can be very helpful to buyers. Buyers can then use the money that they saved on closing costs to help with the move.
With a little preparation, you can find the best mortgage product for the up-coming spring season. Be sure to contact your experienced mortgage professional, as they will be able to help you find the right mortgage for your specific needs with the lowest out-of-pocket expenses.