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Committee greenlights study directive on Measures 5 and 50; LRO to report options for property tax modernization
Summary
The House Committee on Revenue adopted an amendment to House Bill 2321 directing the Legislative Revenue Office to produce a report that summarizes the current property tax system and options to modernize it, with input requested from local governments and organizations representing cities and counties.
On June 3 the House Committee on Revenue adopted an amendment to House Bill 2321 that replaces the introduced bill and directs the Legislative Revenue Office to prepare a report describing Oregon's current property tax system and options to modernize it, including an overview of the effects of Measures 5 and 50. The amendment would require the LRO report to be presented to the Legislature by Dec. 1, 2026.
Committee staff said the dash-1 and dash-2 amendments are nearly identical; the dash-2 directs LRO to compile information using organizations…
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