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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 ...
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]
Values are determined by local officials, and may be disputed by property owners. For the taxing authority, one advantage of the property tax over the sales tax or income tax is that the revenue always equals the tax levy, unlike the other types of taxes. The property tax typically produces the required revenue for municipalities' tax levies.
Oregon Ballot Measure 37 was a controversial land-use ballot initiative that passed in the U.S. state of Oregon in 2004 and is now codified as Oregon Revised Statutes (ORS) 195.305. Measure 37 has figured prominently in debates about the rights of property owners versus the public's right to enforce environmental and other land use regulations.
TMT Development is a real estate development company based in Portland, Oregon. It was founded in 1988 by Tom Moyer. The company owns and operates 8.5 million square feet of commercial real estate throughout Oregon and southwest Washington state. [1] It is among the largest real estate companies in Portland. [2]
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William Sumio Naito (September 16, 1925 – May 8, 1996) was an American businessman, civic leader and philanthropist in Portland, Oregon, U.S.He was an enthusiastic advocate for investment in downtown Portland, both private and public, and is widely credited for helping to reverse a decline in the area in the 1970s through acquiring and renovating derelict or aging buildings and encouraging ...
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