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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 .
Learn about the history, policy, and administration of property tax in the US. Property tax is a local tax on real or personal property based on fair market value, assessment ratio, and tax rate.
For tax filers who make between $25,000 and $40,000 the property tax must be over 4% of their yearly income. For those over the age of 70 who make under $60,000 per year the property tax must exceed 3% of their yearly income. Renters may claim 20% of their yearly rent paid as property tax but may only receive up to the maximum $1,000 for the ...
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 ...
Oregon's estate tax applies to estates above $1 million, a more aggressive approach than the federal estate tax, which applies only to much larger estates. With tax rates ranging from 10% to 16% ...
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]
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Design. In April 2010 Oregon Department of Veterans' Affairs selected Lebanon as the location of the second Veterans' home in Oregon, on the campus of Samaritan Lebanon Community Hospital (a 25-bed Critical Access Hospital), and next to WesternU's osteopathic medicine school, and Linn–Benton Community College's Lebanon extension.