MEDFORD, Ore. (AP) — The extent of the real estate slump in Jackson County is apparent in the property tax statements sent out Wednesday by the assessor's office.
They show the value of all properties declined by 34 percent since 2007 to about $21 billion.
The Medford Mail Tribune reports (http://is.gd/Z5vHaC) 39 percent of the residential property owners in the county will see a reduction in their property taxes compared to last year.
And, 74 cities, school and fire districts will see a decline of nearly 2 percent in revenues as the taxes bring in $4 million less than last year.
Information from: Mail Tribune, http://www.mailtribune.com/