How is the zoning and planning in Portland? Do they have a strong nimbyism culture?
i was gonna ask what mimbidm was 
nimbyism. With so many Californians movijnh there, Nymbyism could be exported to Portland easily. Itās contagious
10% of rental value is the rate
If a 2M house rents at $3000 a month, your annual property tax would be only $3600. Thatās 0.18%, almost negligible in California standard.
I actually like Singapore style property tax. Primary home just pay $200 annual registration fee. Rental property pays 10% sales tax on rent. Simple and fair. Singapore premier must be a genius!
Interesting observation:
https://www.redfin.com/city/30772/OR/Portland/page-2
Lots of redfin listings.
Will buy redfin calls.
Glad you know. Singapore used to have the same problem as here, old folks canāt afford the property tax due rising property price. Basing property tax on rental value and discount for primary solve the problem.
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Why didnāt you share this Singapore secret earlier?! And tell us how trivial the Singapore property tax amount is.
China/Russia: no propery tax #1
Singapore: low property tax #2
Oregon: slow growing tax value, #3
$2M houses are not renting for $3000 in Singapore. Probably closer to $8,000 or $9,000. But thatās because of price compression at the high end. $500,000 public flats will rent for $4,000 to $5,000 assuming you get the right to rent it. Been a while since I checked their rental market. @hanera might have better numbers
Btw with prop 13 you could be paying far less tax. The one place I have left in Sacramento is about 8% of rental value in tax thanks to prop 13 and rising rents. Of course I am at the other extreme on my Sunnyvale place