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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 .
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.
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.
The tax period for a property tax is a calendar year. Property tax rate ranging from 0.3% to 1% the tax value of real estate is determined by the municipality. Since 1 January 2015 if the person's property value is higher than 220,000 euros, then a 0.5 per cent tax applies to the excess.
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 ...
The Oregon Department of Forestry (ODF) is the agency of the government of the U.S. state of Oregon which performs a wide variety of functions relating to the management, regulation and protection of both public and private forest lands in the state.
The Oregon Department of Revenue is the principal tax collection agency in the U.S. state of Oregon.It is charged with administering the state's tax laws and collection of state taxes including personal and corporate income and excise taxes; gift and inheritance taxes; and tobacco taxes and those imposed by more than thirty other tax programs.
The Colorado Division of Forestry (DOF) was a result of the Colorado General Assembly's House Bill number 00-1460 of 2000. This Division monitors the health of all forests in Colorado, including national and private forests. DOF focuses on forest health, both grow and its maintenance; instead of the revenue generated from forest activities.