The City Club of Portland released a report calling on Oregonians to repeal three ballot measures that it says turned the state’s property tax into a “Frankentax.”
The City Club of Portland released a report calling on Oregonians to repeal three ballot measures that it says turned the state’s property tax into a “Frankentax.”
The report says Measures 5, 47 and 50 have led to property assessments that are inequitable, unsustainable and inefficient.
The report recommends: a new ballot measure to repeal the old measures; the implementation of new base levies — adjusted for inflation and population — and subjected to periodic citizen review; and finally applying property tax rates to a rolling average of real market values.
Read more at OPB.
