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Portland residents were initially required to pay the tax by April 15, 2013. However, the deadline was moved to May 15 when the city amended the tax to exempt residents who earn less than $1,000 of taxable income but live within a household with income above the federal poverty line [3] However, on May 15, the online payment system crashed as a result of too many last-minute payments.
The Oregon Department of Revenue is the principal tax collection agency in the U.S. state of Oregon.It is charged with administering the state's tax laws and collection of state taxes including personal and corporate income and excise taxes; gift and inheritance taxes; and tobacco taxes and those imposed by more than thirty other tax programs.
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
Property taxes dedicated for school funding were capped at $15 per $1,000 of real market value per year and gradually lowered to $5 per $1,000 per year. Property taxes for other purposes were capped at $10 per $1,000 per year. Thus, the total property tax rate would be 1.5% at the end of the five-year phase in period. [2]
The measure rolled back property taxes to 1995 levels. Measure 47 also mandated a double majority for ballot measures increasing taxes. With Sizemore's assistance, the Oregon Legislative Assembly amended some of the provisions of Measure 47 in 1997, [4] and referred the amendments back to the voters as Measure 50, which also passed. [5]
The Portland city auditor is one of the fourteen citywide elected positions in Portland, Oregon (the others being the mayor and twelve city councilors).The auditor is the functionally independent of City Council and accountable only to the public.
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This was partly to moderate fast growing house prices in Portland. [3] Measure 47 also instituted Oregon's double majority rule, in which local tax levies could only pass in minor elections when voter turnout surpassed half of the registered voters. In November 1996, Measure 47 was passed by the Oregon voters 52.3% to 47.7%. [4]