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OR HB3249
Bill
Status
6/27/2025
Primary Sponsor
Boomer Wright
Click for details
AI Summary
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50% of assessed home value exempt from ad valorem property taxes for homeowners aged 65 or older and their surviving spouses regardless of age
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Property must have been the owner's principal residence for at least 5 years before filing the claim
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Claims must be filed with the county assessor on or before April 1 preceding the tax year, with documentary proof of age, residency, and U.S. citizenship or legal resident status
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Exemption is in addition to any other property tax limits, exemptions, special assessments, deferrals, or credits
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Applies to property tax years beginning on or after July 1, 2026; takes effect 91 days after the 2025 legislative session adjourns
Legislative Description
Relating to an exemption from property taxes for the homesteads of seniors; and prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025