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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]
Authorizing Collection of State and County Taxes on Separate Classes of Property 8: No: ... Bill Authorizing a State Insane Hospital in Multnomah County 5: No: 64,677 ...
Multnomah County / m ʌ l t ˈ n oʊ m ə / is one of the 36 counties in the U.S. state of Oregon. As of the 2020 census, the county's population was 815,428. [1] Multnomah County is part of the Portland metropolitan area. The state's smallest and most populous county, [2] its county seat, Portland, is the state's most populous city. [3] Map of ...
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.
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An anti-tax movement took hold during his term, passing the landmark Measure 5 in 1990, which restricted the generation of revenue by property tax. [22] He was credited with leading "The Oregon Comeback", bringing the state out of nearly eight years of recession , through regulatory reform and repair of the state's infrastructure.
For example, if the tax rate is 51.7 mills, multiply .0517 by the assessed value (Property Value x Assessment Ratio) to determine the amount of property tax due. The County also has a tax ...
On November 6, 2012, the U.S. state of Oregon held statewide general elections for four statewide offices (secretary of state, attorney general, treasurer, and commissioner of labor), both houses of the Oregon Legislative Assembly, and several state ballot measures.
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