2017 Session: Corporate Property Taxes Now Paid When Due

TFO proposed a bill designed to remove the existing financial incentive for companies – like Comcast – to appeal their large property tax bills. Six companies currently have $158 million in outstanding property taxes which they get to keep and use until their court cases are final. HB 2407, signed by Governor Kate Brown, requires up-front payment and puts the taxes into an escrow account while court cases proceed. Businesses will no longer get free use of the money for years.