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OR SJR1
Joint Resolution
Status
6/27/2025
Primary Sponsor
Cedric Hayden
Click for details
AI Summary
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Proposes amending the Oregon Constitution to create a "Senior Property Tax Freeze" that caps property tax assessments on primary residences for homeowners aged 65 or older
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Assessed value of enrolled homes cannot be increased as long as the property remains in the program; eligibility requires enrollment by April 15 preceding each tax year
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Applies to owner-occupied primary residences, including manufactured homes and units in multiunit buildings, with provisions for homes held in trusts
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Upon sale or transfer of the home, the county assessor must reassess the property to what its value would have been without the freeze
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Requires voter approval at the next regular general election, with implementing legislation to be enacted in the first odd-numbered year session after approval
Legislative Description
Proposing an amendment to the Oregon Constitution relating to a property tax relief program for the owner-occupied primary residences of certain seniors.
Last Action
In committee upon adjournment.
6/27/2025