8legs: Multnomah county, usa

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How Portland taxes have grown since the pandemic

Portland has seen a rising tax burden for businesses since 2019, driven by new taxes and higher rates.
Portland-area businesses paid about $1.4 billion in taxes in 2023, up from $781 million in 2019.
Economists say downtowns reflect the financial health of the city, influencing broader regional economies.
State rankings place Oregon low on business environment metrics while praising its workforce.
Oregon’s Tax Foundation index shows high combined local taxes for Portland residents.
A Portland task force in 2023 identified regulatory burdens and slow permitting as hindrances to expansion.
City officials say tax changes are intended to fund public programs like paid leave and libraries.
Business leaders warn the tax burden could push companies to relocate from central Portland.
Experts say simplifying regulations and land access could attract investment back to downtown Portland.
The report highlights a shift in tax structure since the pandemic that affects the business climate.

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