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The claimed homestead could include the same land which they had previously filed a preemption claim (on up to 160 acres at $1.25 per acre, or up to 80 acres of subdivided and surveyed land at $2.50 per acre), and they could expand their current ownership to contiguous adjacent land up to 160 acres total.
In 1916, Congress passed the Chamberlain–Ferris Act, which revested the remaining 2,800,000 acres of land to the United States government, and compensated the railroad at $2.50 per acre from an account, the Oregon and California land grant fund, funded by timber sales from the land. Oregon counties affected by the revestiture of land were ...
The men investigated several tracts of farm and timber land in the southern Wisconsin territory before deciding on two square miles along the Little Sugar River. On July 17, 1845, they purchased 1,200 acres (4.9 km 2) for $1.25 per acre. It was a fertile basin bounded with hills and a large stand of trees nearby.
The land, which was granted in a checkerboard pattern along both sides of the railroad's right of way, was then sold to settlers in parcels of 160 acres (64.7 ha) at the extremely low price of $2.50 an acre ($100 in 2023 [1]) to encourage people to settle along the line, in order to foster development. [2]
Oregon (/ ˈ ɒr ɪ ɡ ən,-ɡ ɒ n / ⓘ ORR-ih-ghən, -gon) [7] [8] is a state in the Pacific Northwest region of the United States. It is a part of the Western U.S., with the Columbia River delineating much of Oregon's northern boundary with Washington, while the Snake River delineates much of its eastern boundary with Idaho.
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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]