Oregon Senate Joint Resolution 2 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Unknown
Status: Failed on June 30 2019 - 100% progression
Action: 2019-06-30 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Proposes amendment to Oregon Constitution providing that, for purposes of ad valorem property taxation, ratio of maximum assessed value to real market value of property may not be less than 0.75. Provides that if such ratio is less than 0.75, maximum assessed value of such property shall be increased so that ratio is equal to 0.75. Provides five-year ramp-up for new assessment policy. Exempts from ad valorem property taxes lesser of first $25,000 or first 25 percent of real market value of each homestead. Requires Legislative Assembly to enact laws for administration of exemption, including adjusting $25,000 for inflation. Refers proposed amendment to people for their approval or rejection at next regular general election.

Proposing amendment to Oregon Constitution relating to ad valorem property taxation.

No sponsor information available at this time.

Date	Chamber	Action
2019-06-30	Senate	In committee upon adjournment.
2019-02-20	Senate	Public Hearing held.
2019-01-15	Senate	Referred to Finance and Revenue, then Rules.
2019-01-14	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2019R1/Measures/Overview/SJR2
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/SJR2/Introduced