Oregon State Ballot Measure 47: Property Tax "Cut and Cap'

Authors

City Club of Portland (Portland, Or.)

Publication Date

10-18-1996

Document Type

Report

Subjects

Urban policy -- Oregon -- Portland -- Periodicals, Portland (Or.) -- Politics and government -- Periodicals, Portland (Or.) -- Social conditions -- Periodicals

Notes

Amends constitution. Limits 1997-98 property taxes to lesser of: 1995-96 tax minus 10 percent, or 1994-95 tax. Limits future annual property tax increases to three percent, with exceptions. Limits revenue available for schools, other local services funded by property taxes. Local governments' lost revenue may be replaced only with state income tax, unless voters approve replacement fees or charges. Provides no system for spreading revenue cuts among local governments. Restricts new bonds. Tax levy approvals in certain elections require 50 percent voter participation. Other changes.

Published in City Club of Portland Bulletin Vol. 78, No. 19 (1996-10-18)

Persistent Identifier

http://archives.pdx.edu/ds/psu/13885

Recommended Citation

City Club of Portland (Portland, Or.), "Oregon State Ballot Measure 47: Property Tax "Cut and Cap'" (1996). City Club of Portland. 483.
http://archives.pdx.edu/ds/psu/13885