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Ballot Measure 47 was an initiative in the U.S. state of Oregon that passed in 1996, affecting the assessment of property taxes and instituting a double majority provision for tax legislation. Measure 50 was a revised version of the law, which also passed, after being referred to the voters by the 1997 state legislature.
The Mountain State has an average property tax rate of 0.57%. A typical homeowner will pay only $809 in property taxes each year — the lowest total amount in the country.
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 transferred the responsibility for school funding from local government to the state, to equalize funding.
Act Limiting State Property Tax 10: Yes 409,588: 230,241 64.02% No Ref Motor Carrier Highway Transportation Tax Act 11: No 295,700 301,974: 49.48% No Ref School District Reorganization Act 12: No 233,226 413,137: 36.08% No Ref Cigarette Stamp Tax Revenue Act 13: Yes 399,981: 256,981 60.88% No Init Establishing United States Standard Time in ...
Composition of state and local tax revenues by sales taxes (brown), property taxes (white), licenses and other fees (grey), individual and corporate income taxes (green) in 2007. Determining the value of property is a critical aspect of property taxation, as such value determines the amount of tax due.
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Washington County was created as Twality District on July 5, 1843, as part of the Champoeg Meetings that created the Provisional Government of Oregon. [2] The county became Washington County by an act of the Territorial Legislature in 1849, and in 1850 the community that would become Hillsboro was selected as the county seat.
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