It also preserved the key provisions of Measure 47, the initiative passed by voters in November, 1996. Your property value increases since 1995 and Whether you've made major changes to your property since last year. New construction and other exceptions are assessed at a ratio of current market value. Measure 50 established permanent tax rate limits for Oregon's local taxing districts.
Voters can approve new, short-term local option levies outside their permanent rate limit.
We hope this information will help you understand this whole new approach to property taxes. We invite you to contact us at one of the numbers on the back of this flyer if you have further questions or concerns. You can get petition forms and information from the Board of Property Tax Appeals. Please call 846-8741 for a form. You can get petition forms and information from the Board of Property Tax Appeals.