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


Purpose: "Constitutional Amendment limits annual real property tax to 1% of 1977 true cash value, plus amount necessary to provide 85% (100% for emergency services) 1977-1978 district's revenue. Taxable values, district revenues may increase 2% annually. Tax for existing bonded indebtedness not affected. Preserves HARRP. Requires equivalent renter relief. State ad valorem, all sales, transaction taxes on real property prohibited; tax increases require two-thirds legislative or popular vote. Levies outside 6% limitation require two-thirds popular vote."

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