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.

Applies to the portion of the assessed value of the home and may not be increased as long as the home is enrolled in the program.

To qualify, an individual who singly or jointly owns and occupies the home is at least 65 years old and upon sale, the home shall be reassessed. It does not create a tax liability against the home.

Email Senate Rules Committee:

Sen.KayseJama@OregonLegislature.gov
Sen.DanielBonham@OregonLegislature.gov
Sen.JeffGolden@OregonLegislature.gov
Sen.JamesManningJr@OregonLegislature.gov
Sen.KimThatcher@OregonLegislature.gov