PORTLAND, Ore. (AP) — Depending on how much Comcast Corp. property is really worth in Oregon, 10 counties could face cuts in revenue when they need it most.
For years, the state left it to counties to tax cable companies. But starting in January 2009, the state took over the task, leading to steep increases in property tax bills.
The Oregonian reported that Comcast paid property taxes to 10 counties in Oregon for the 2009 tax year based on assessments totaling $224 million.
But the state has now assessed that property at more than $1 billion, and Comcast is fighting it in court — which could affect revenue for all those counties, including Clackamas, Multnomah and Washington counties in the Portland metro area.
