(at the request of House Interim Committee on Revenue)
Chief Sponsors:
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Regular Sponsors:
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Bill Title:
Proposing amendment to Oregon Constitution relating to the maximum assessed value of business property.
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 maximum assessed value of property held for commercial or industrial purposes shall equal property's real market value. Provides four-year ramp-up from current maximum assessed value to 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 3 House Committee On Revenue
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