HJR 2
Proposes amendment to Oregon Constitution relating to ad valorem property taxation.
| Status | In House Committee (HRULES) |
| Session | 2019 Regular Session |
| Requested by | (at the request of House Interim Committee on Revenue) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Proposes a constitutional amendment requiring high-value residential properties ($1 million or more) to be assessed at real market value for property tax purposes.
Overview#
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.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-14 | H | First reading. Referred to Speaker's desk. |
| 2019-01-15 | H | Referred to Rules. |
| 2019-06-30 | H | In committee upon adjournment. |