Property tax abatement appeal for 616 Forest Avenue (Fireside Inn & Suites)
Summary
The owner of the Walgreens-anchored building at 616 Forest Avenue argued the city's 2025 revaluation nearly doubled the assessment based on one 1031-exchange sale, and sought a cut from $5.97 million to roughly $3-4.7 million. The board denied the appeal, finding no appraisal or comparable evidence supported the claim. A successful abatement would have shifted the tax burden onto other Portland taxpayers.
At a glance
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Last discussed Jul 30, 2026.
Impact analysis
If the appeal had succeeded, other Portland taxpayers would have absorbed the roughly $1-3 million reduction in this property's taxable value.
The denial keeps the property fully on the tax rolls, protecting city revenue that funds services for all residents.
The property owner faces roughly $100,000-plus in annual taxes on the full assessment and plans to appeal to the state board.
Mentions & discussions (1)
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