Report-Oregon-Property-Tax-Capitalization-FINAL

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14 OREGON PROPERTY TAX CAPITALIZATION: EVIDENCE FROM PORTLAND In the literature covering the determinants of sale price, school quality is frequently found to be significant. To incorporate this variable, we used the geocoded addresses and joined each to an elementary school catchment area. Most of the properties were assigned a Portland Public Schools elementary school, but the properties in East Portland were assigned to the appropriate school in the Reynolds, David Douglas, Parkrose, or Centennial School Districts. The state publishes reading and math scores for each school which represented the percentage of students that met or exceeded state standards; these were used as our measure of school quality. The following figures illustrate differences in sale property characteristics by neighborhood. As we explain in later sections, property characteristics and neighborhood amenities tend to cluster geographically; properties tend to be grouped by size, age, and sale price. This means that we can experience confounding effects when using all potential variables. Table I below summarizes population, population growth, mean sale price, mean age of house sold and mean size of house sold as a supplement to the graphical presentations. <strong>Oregon</strong>’s Electric Vehicle Industry Northwest Economic Research Center
15 OREGON PROPERTY TAX CAPITALIZATION: EVIDENCE FROM PORTLAND Table I – Summary statistics by neighborhood Neighborhood Pop. (2010) Pop. Growth (2000-2010) Mean Sale Price (2010-2013) Mean Age of House Sold <strong>Oregon</strong>’s Electric Vehicle Industry Mean Size of House Sold (sqft) Alameda 5,214 3.51% $ 533,807 85 2,259 Arbor Lodge 6,153 1.45% $ 270,907 77 1,488 Ardenwald-Johnson Creek 4,748 -0.17% $ 259,681 56 1,590 Argay 6,006 3.23% $ 237,117 45 2,052 Arlington Heights 718 3.46% $ 643,570 53 2,670 Arnold Creek 3,125 6.66% $ 438,278 25 2,609 Ashcreek 5,719 2.84% $ 312,730 37 1,901 Beaumont-Wilshire 5,346 0.26% $ 434,227 76 1,861 Boise 3,311 6.16% $ 284,818 90 1,451 Brentwood-Darlington 12,994 13.18% $ 165,021 52 1,206 Bridgeton 725 107.14% $ 302,500 9 2,262 Bridlemile 5,481 -3.03% $ 449,122 44 2,388 Brooklyn 3,485 -1.61% $ 291,639 92 1,454 Buckman 8,472 6.93% $ 338,442 95 1,621 Cathedral Park 3,349 10.42% $ 218,419 62 1,329 Centennial 23,662 11.05% $ 150,013 46 1,371 Collins View 3,036 32.52% $ 383,946 43 2,059 Concordia 9,550 -0.15% $ 307,094 70 1,600 Creston-Kenilworth 8,227 -0.09% $ 255,051 80 1,387 Crestwood 1,047 -3.06% $ 264,987 36 1,580 Cully 13,209 2.93% $ 213,492 59 1,364 Downtown 12,801 28.65% $ 340,320 27 1,088 East Columbia 1,748 17.32% $ 222,312 35 1,744 Eastmoreland 5,007 0.58% $ 539,654 73 2,402 Eliot 3,611 7.50% $ 303,384 75 1,601 Far Southwest 1,320 -16.72% $ 371,729 30 2,420 Forest Park 4,129 20.34% $ 603,580 25 3,575 Foster-Powell 7,335 -0.45% $ 198,250 76 1,270 Glenfair 3,417 32.70% $ 171,050 40 1,649 Goose Hollow 6,507 16.30% $ 328,172 36 1,254 Grant Park 3,937 4.46% $ 535,028 88 2,142 Northwest Economic Research Center
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