Which statement best describes Oregon's real property transfer tax?
Correct Answer
B) No statewide transfer tax; however, some local jurisdictions have enacted or attempted to enact local real estate transfer taxes
Oregon has no statewide real estate transfer tax. Local jurisdictions, however, have pursued local transfer taxes. Portland voters passed Measure 26-214 in 2022 establishing a local real estate transfer tax, though it has faced legal challenges. Licensees should be aware that local transfer taxes may apply in certain jurisdictions and should verify current status with local authorities.
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