The measure would direct the legislature to pass laws to provide a property tax break for the homes of seniors. It takes effect only if the people vote for it.
Proposes an amendment to the Oregon Constitution directing the Legislative Assembly to enact a property tax relief program for the 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.
Oregon’s property tax deferral program traps seniors in debt, charging 6% interest and draining their home equity. Nearly 80% of Oregonians agree: seniors deserve the dignity of staying in their homes without fear of being taxed out.
Oregon consistently ranks among the most expensive states for retirees, and property taxes continue to rise even as seniors live on fixed incomes. Freezing property tax assessments for senior homeowners would provide long-term stability and security, helping them remain in their homes.
EMAIL COMMITTEE
Sen.KayseJama@OregonLegislature.gov
Sen.DanielBonham@OregonLegislature.gov
Sen.JeffGolden@OregonLegislature.gov
Sen.JamesManningJr@OregonLegislature.gov
Sen.KimThatcher@OregonLegislature.gov