SB 712 Automatic annual increase of 3% on property value
03/22/2025 VOTE:NO – Died in Committee Status (overview) of bill:https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB712 Committee assigned to bill:https://olis.oregonlegislature.gov/liz/2025R1/Committees/SFR/Overview The Act would increase the maximum value of property for each tax year by three percent. Provides for an annual increase of three percent to the maximum assessed value of property. Takes effect on the 91st day following adjournment sine die. Property values are inflated, especially…