Because of measures 5, 47 and 50, which were passed 20-25 years ago, Oregon’s property taxes are a mess. Unfairness reigns. Homes sold for the same $250,000 can pay as little as $1000 and as much as $4000 in property taxes. Increasingly, the costs of local property taxes have shifted from businesses to homeowners.
But finally, in the 2016 session, a bill was introduced to change property taxes without tying that change to a cut in capital gains tax or the introduction of a sales tax. SJR 201 was worth discussing, and we’ll be working with Senator Hass and others to improve on its basic ideas. Here’s our testimony on SJR 201.