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Senate committee hears bill to expand Oregon homestead property tax deferral
Summary
A public hearing on House Bill 3,712 A drew testimony supporting modest eligibility changes and a Legislative Revenue Office study to inform future adjustments to Oregon's homestead property tax deferral program.
A Senate Committee on Finance and Revenue public hearing Monday considered House Bill 3,712 A, which would raise income and some property-value limits for Oregon’s homestead property tax deferral program and require a Legislative Revenue Office study and report.
The bill would increase the household income cap from $60,000 to $70,000 and raise the real market value limit to 150 percent of the county median for homeowners with residency under 15 years; it also directs the Legislative Revenue Officer to “conduct a study of the deferral program related to homestead equity and submit a report to the legislature by September of 2026.”
Marcia Kelly,…
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