2019 Regular Session
|At the request of:||(at the request of House Interim Committee on Revenue)|
|Bill Title:||Proposing amendment to Oregon Constitution relating to the assessment of high-value residential property for ad valorem property tax purposes.|
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.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Rules|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|