(at the request of House Interim Committee on Revenue)
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Regular Sponsors:
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Bill Title:
Proposing amendment to Oregon Constitution relating to the assessment of high-value residential property for ad valorem property tax purposes.
Catchline/Summary:
Proposes amendment to Oregon Constitution relating to ad valorem property taxation. Proposes amendment to Oregon Constitution relating to ad valorem property taxation. Provides that residential property that is subject of sale or other transfer for which seller receives consideration of $1 million or more shall have assessed value equal to residential property's real market value.
Refers proposed amendment to people for their approval or rejection at next regular general election.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HJR 2 House Committee On Rules
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