SB 655 senior & disabled property tax deferral program

This bill freezes assessed value of homestead at the amount from the preceding year for purposes of property taxation under the homestead property tax deferral program, also known as the Senior and Disabled Property Tax Deferral Program. Freeze specifically applies to individuals at least 68 years of age or with disability that would be eligible if not for a reverse…

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HB 3010 limits mortgage interest deduction on income tax

This bill has critical blank areas so no one really knows how much it will affect their tax base. It limits, for purposes of personal income taxation, amount of allowed mortgage interest deduction. It actually allows the deduction over XX amount, which means it’s a wealthy homeowner deduction, but eliminates the tax for “affordable” housing. Fifty percent of the estimated…

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HB 3194 raises property tax cap for re-evaluation

GOVERNOR SIGNED This bill will make it so you can do projects at today’s costs as “minor construction” without running into the caps to trigger a re-evaluation of your property by the county. The current caps are $10,000/year and $25,000 over rolling five year period. These caps were set back in 1997. HB 3194 changes from fixed amounts for everyone…

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HB 2438 Property Tax Exemption Program for Certain Income Brackets

VOTE:NO
Signed into Law by Gov Brown

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SB 299 Creates children’s service districts

VOTE:NO
Died In Committee

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HB 2972 Study of “land value taxation” to increase property taxes

VOTE:NO
Died In Committee

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HJR 13 Increases Property Tax

VOTE:NO
Died In Committee

SB 299 Formation of Children’s Service Districts

VOTE: NO
Died In Committee
Authorizes the creation of children’s service districts and provides authority to levy permanent property taxes and other taxes

Tax Hell Week: income tax, property tax, bed tax

This is one of those tax mania weeks in the Oregon Legislature. Income Tax Increase (HB 3328): Yesterday, hearings were held on HB 3328 which creates an income tax increase to fund wildlife programs. This follows the Portland-area model of creating a flood of micro-income tax increases to pay for government bloat: • Portland $50 Art Program Income Tax •…

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Chipping Away at Property Tax Reform

As one of the few states without a general sales tax, Oregon depends heavily on property tax for revenue. Real property is taxed based on its value — know as ad valorem taxes. As real estate prices spiked in the 1990s — along with taxes — citizens began to become resentful of the tax windfall enjoyed by their governments. In…

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