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Gentrification	  and	  stagnation	  are	  two	  prominent	  themes	  in	  neighborhood	  development today.	  The	  city	  or	  Portland,	  Oregon	  is	  experiencing	  both	  of	  these	  neighborhood	  stages	  in different	  neighborhoods.	  In	  Oregon	  a	  property	  tax	  measure	  passed	  in	  1997,	  Measure 50,	  caused	  property	  tax	  rates	  to	  vary	  by	  location	  according	  to	  changes	  in	  real	  market values	  over	  time.	  	  Recent	  analysis	  has	  revealed	  that	  property	  tax	  rates	  in	  Portland	  follow the	  spatial	  patterns	  of	  gentrification	  and	  stagnation	  in	  Portland,	  and	  therefore	  could	  be contributing	  neighborhood	  change.	  	  Differential	  property	  tax	  rates	  have	  shown	  to influence	  mobility	  and	  homeownership,	  two	  factors	  of	  neighborhood	  change.	  	  In	  order to	  see	  if	  property	  tax	  rates	  are	  indeed	  contributing	  to	  neighborhood	  change	  this	  study conducts	  two	  main	  analyses	  on	  three	  neighborhoods	  of	  varying	  property	  tax	  ranges.	  The first	  is	  a	  comparison	  of	  socio-­‐economic	  changes,	  based	  on	  census	  data,	  in	  the	  three neighborhoods	  to	  see	  how	  they	  relate	  to	  property	  tax	  rates.	  The	  second	  is	  an examination	  of	  urban	  policies	  established	  in	  the	  mid-­‐1990s	  to	  see	  if	  there	  were	  any political	  and	  developmental	  drivers	  of	  this	  change.	  This	  preliminary	  study	  finds	  that property	  taxes	  are	  related	  to	  the	  socio-­‐economic	  and	  political	  influencers	  of neighborhood	  change	  and	  are	  likely	  a	  catalyst.

Property Tax Rates as an Indicator of Neighborhood Change: An Examination of an Unanticipated Effect of Measure 50 in the City of Portland