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So if you were eligible for the state’s property tax exemption and have a $150,000 home, once you crunched the numbers with a property tax calculator, the property taxes would possibly be ...
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 .
Lakeview is a town in Lake County, Oregon, United States.The population was 2,418 at the 2020 census.It is the county seat of Lake County. The city bills itself as the "Tallest Town in Oregon" because of its elevation, 4,757 feet (1,450 m) above sea level.
Lake County is one of the 36 counties in the U.S. state of Oregon.As of the 2020 census, the population was 8,160. [1] Its county seat is Lakeview. [2] [3] The county is named after the many lakes found within its boundaries, [4] including Lake Abert, Summer Lake, Hart Lake, and Goose Lake.
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.
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You sell the property and realize $1.2 million on the sale, giving you a capital gain of $700,000 ($1.2 million – $500,000 = $700,000). You can exclude $500,000, leaving you with a $200,000 ...
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