Search results
Results from the WOW.Com Content Network
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 was sponsored by Bill Sizemore and his Oregon Taxpayers United anti-tax group, as part of the Oregon tax revolt. Proponents were upset by rising property taxes, largely caused by increasing real-estate values in the Portland area. Proponents were concerned about levy elections when there was little awareness of issues and turnout ...
Oregon voters placed limits to property tax in the Oregon Constitution in 1990 with the passage of Measure 5.A majority of voters were frustrated by the increase in property taxes attributed to rapidly rising property values in the Portland area.
Taxing jurisdictions levy tax on property following a preliminary or final determination of value. Property taxes in the United States generally are due only if the taxing jurisdiction has levied or billed the tax. The form of levy or billing varies, but is often accomplished by mailing a tax bill to the property owner or mortgage company. [48]
The Oregon Tax Court is a state court in the U.S. state of Oregon, which has jurisdiction in questions of law that regard state tax laws. [1] [2] Examples of matters that would come before this court include income taxes, corporate excise taxes, property taxes, timber taxes, cigarette taxes, local budget law, and property tax limitations. [1]
Portland (/ ˈ p ɔːr t l ə n d / PORT-lənd) is the most populous city in the U.S. state of Oregon, located in the Pacific Northwest region. Situated close to northwest Oregon at the confluence of the Willamette and Columbia rivers, it is the county seat of Multnomah County, Oregon's most populous county.
The local option tax costs 84.5 cents per $1,000 of assessed valuation and funds street and sidewalk repairs in the city. Mayor Mary Schamehorn was ... Bandon voters extend local option tax for ...
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.