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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]
Property taxes are the primary source of funding for Oregon cities for general services, including police, fire and parks. In Salem, property tax revenues for the fiscal year that ends June 31 ...
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.
Second Ave.: Fortify paid its 2023 property tax in full, but missed the April 30 deadline to pay the first half of its total 2024 bill of about $41,600. The past due balance is $21,000.
City Manager Sarah Medary and officials with other Oregon local governments have largely attributed this to Measure 50, a 1997 ballot initiative that placed limits on Oregon property taxes, chief ...
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.
The list of Oregon ballot measures lists all statewide ballot measures to the present.. In Oregon, the initiative and referendum process dates back to 1902, when the efforts of the Direct Legislation League prompted amending the Oregon Constitution for the first time since 1859.
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