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In Lane County, like much of Oregon, the terms “real estate taxes” and “property taxes” are often used interchangeably to refer to the annual taxes levied on your immovable property – your home and land. While “property taxes” can technically be a broader term encompassing personal property (like a business’s equipment), for homeowners in Eugene, Springfield, or Cottage Grove, when we discuss property taxes, we are indeed talking about the real estate taxes tied to your residential property. Understanding these taxes is crucial for homeownership in Lane County, and the experts at Better Homes and Gardens Real Estate Equinox can help you understand these local distinctions.
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