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 in Oregon. Economists are predicting an adjustment is coming. This bill would put Oregon’s property values more inflated than they are artificially raising taxable values.

SB 712 is an unnecessary and harmful tax increase that will hurt homeowners,
especially seniors and low-income families. It will put more stress on affordable housing projects. Automatic tax hikes are taxation without representation.

Reasons for Opposition:
• Unfair Burden on Homeowners – Oregon property owners already face rising
costs from inflation, utilities, and other taxes. This increase would further
squeeze working families and retirees.
• Disproportionate Impact on Seniors and Fixed-Income Residents – Many
homeowners, particularly seniors, cannot afford an automatic yearly increase
in property taxes. This could force some to sell their homes.
• Encourages Government Waste Instead of Fiscal Responsibility – Instead of
demanding more revenue from taxpayers, the Legislature should evaluate
spending efficiency and budget priorities.
• Housing Affordability Crisis – Oregon is already unaffordable for many. SB 712
would increase costs and make homeownership even more difficult.

SUBMIT TESTIMONY HERE, before 3/28 by 8am