City Financial Data | Redmond Economic Development Inc.
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After passage of Measure 50 in 1997, Oregon tax rates were pegged at 90% of 1995 real market values, with an allowable 3% increase each year.  For the current tax year, new property and improvements to property are taxed at a value ratio of 75.9% for industrial and commercial property, and 63.3% for residential property. As a result, the current effective property tax rate in Redmond for assessed property is 1.40% for industrial and commercial. 

The City of Redmond's overall property taxation rates have remainded stable over the past decade, varying only within a narrow band.

Tax Rates in Redmond
Tax Year Real Market Value ($) Assessed Value ($) Tax Rate  Change Property Ratio
Industrial Commercial
2002/03 1,130,185,583 830,150,474 18.8648 0.750 0.700
2003/04 1,251,769,924 909,656,192 18.3456 0.737 0.693
2004/05 1,416,511,590 1,025,035281 17.9516 0.727 0.683
2005/06 1,842,610,751 1,225,149,004 17.8424 0.623 0.588
2006/07 2,511,364,804 1,378,140,961 17.3246 0.572 0.459
2007/08 3,495,054,319 1,541,274,197 17.0031 0.469 0.400
2008/09 3,620,909,720 1,701,414,206 17.1162 0.475 0.369
2009/10 3,165,483,648 1,784,947,367 18.6232 0.532 0.450
2010/11 2,067,86,3281 1,723,720,588 18.3652 0.777 0.651
2011/12 1,768,609,973 1,617,540,325 18.5072 0.982 0.794
2012/13 1,570,978,697 1,458,008,009 18.8565 0.875 0.875
2013/14 1,755,518,370 1,615,341,951 18.4364 0.873 0.873
2014/15 2,023,890,228 1,719,871,105 18.4150 0.849 0.849
2015/16 2,308,653,657 1,807,600,333 18.3628 0.808 0.808
2016/17 2,683,765,472 1,913,202,238 18.3901 0.759 0.759