2/5/2024
VOTE: YES – Died in Committee
Status (overview) of bill:https://olis.oregonlegislature.gov/liz/2024R1/Measures/Overview/SJR202
This bill would freeze the taxes levied on the homes of seniors. Proposes an amendment to the Oregon Constitution directing the Legislative Assembly to enact a property tax relief program for owner-occupied primary residences of certain seniors. Refers the proposed amendment to the people for their approval or rejection at the next regular general election.
Creates a Senior Property Tax Freeze to cap property tax assessments for the primary residence of each Oregon senior citizen aged 65 or older for owner-occupied primary residence, whether real or personal property, and the tax lot upon which the residence is situated; or if the residence is in a multiunit building.
Upon the sale or transfer of a home granted the property tax relief, the assessor of the county in which the home is located shall reassess the home so that, for the next succeeding property tax year, the assessed value is what it would have been if the home had never received the relief.
Seniors need a break!
Thank you from an 81 year old Oregonian whose property tax has increased, over a 22 year period, to 1/5 th of my SS income, leaving precious little to live on.
Bless you,
Jim Langston
Thank you, yes we need relief from the burden of property taxes that keep going up every year. This is monies we could use to help in medical and prescription costs that also keep going up. This would also help in food, and basic utilities costs.