HJR 13 Increases property tax

This bill amends Oregon Constitution increasing ad valorem property taxation to 75% of the real market value. Fiscal Responsibility The bill exempts from ad valorem property taxes lesser of first $25,000 or first 25 percent of real market value of each homestead and requires the legislature to enact laws for administration of exemption, including adjusting $25,000 for inflation. This means…

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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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