Transfer Of TitleTaxesHARD
Oregon Measure 50 limits:
Correct Answer
B) Assessed value increases to 3% annually
Measure 50 limits annual assessed value increases to 3%, regardless of market changes.
Answer Options
A
NothingB
Assessed value increases to 3% annuallyC
Tax rates onlyD
Only commercial propertyAudio Lesson2 min
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Related Topics & Key Terms
Related Topics:
property-assessment-methodsoregon-real-estate-lawproperty-tax-calculationvoter-initiated-property-tax-limits
Key Terms:
Oregon Measure 50assessed value cap3% annual limitmaximum assessed valueproperty tax limitation
Related Concepts
Many states have laws to limit how much property taxes can increase each year, regardless of market value fluctuations.
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