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Keizer officials call for state discussion on Measure 50 assessed-value formula after presentation shows wide disparities
Summary
Task force members and staff discussed how Oregon’s Measure 50 and the change-of-property-ratio mechanics produce large disparities in assessed values between older and newer homes; councilmembers urged state-level discussions and noted effects on housing affordability and municipal revenues.
During the March 10 Long Range Planning Task Force meeting, staff and council members opened a wide-ranging discussion about the effects of Oregon’s Measure 50 and related assessed-value formulas on local tax equity.
Assistant City Manager Tim Wood summarized how Measure 50 and the change property ratio work: assessed values are limited and increase by a maximum 3% annually except for new construction, and new construction is assigned…
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