OR HB2321

Legislative Revenue Officer must analyze Oregon's current property tax system and prepare a report on modernization options by December 1, 2026

Report must assess impacts of Ballot Measure 5 (1990) and Ballot Measure 50 (1997) on the property tax system

Analysis must address concerns from property owners and local governments regarding budgetary needs, horizontal inequities, economic development, and tax incidence

Report must incorporate input from organizations representing Oregon cities and counties on potential ballot measure options for property tax modernization

Section 1 of the act is repealed on January 2, 2027; the act takes effect 91 days after the 2025 legislative session adjourns