Under Oregon's Measure 50 property tax system, which of the following is NOT considered an 'exception event' that would allow a property's Maximum Assessed Value to increase by more than 3% in a given year?
Correct Answer
D) The sale of the property to a new owner at a higher price than the previous purchase
Under ORS 308.153, a sale of property — even at a price significantly higher than the current assessed value — is NOT an exception event under Measure 50. Oregon's MAV carries over to the new owner regardless of the sale price, and the sale itself does not trigger any increase beyond the standard 3% annual cap. This is one of Oregon's most important distinctions from other states' property tax systems.
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