Oregon Tax Base Increases with District’s True Cash Value, Measure 1 (1982)

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The Oregon Tax Base Increases with District’s True Cash Value Amendment, also known as Measure 1, was on the November 2, 1982 ballot in Oregon as a legislatively-referred constitutional amendment, where it was defeated. The measure would have increased a taxing district’s tax base when new property construction causes the district’s true cash value to increase.[1]

Election results

Oregon Measure 1 (1982)
ResultVotesPercentage
Defeatedd No768,15077.81%
Yes 219,034 22.19%

Election results via: Oregon Blue Book

Text of measure

The language appeared on the ballot as:[1]

1. INCREASES TAX BASE WHEN NEW PROPERTY CONSTRUCTION INCREASES DISTRICT’S VALUE
QUESTION - Shall a taxing district’s constitutional tax base increase when new property construction causes district’s true cash value to increase?

PURPOSE - Constitution now allows taxing districts a six percent annual increases over their previous year’s tax base. Measure would allow an additional tax base increase based on value of newly constructed property in the taxing district. Two years after new construction increasing a district’s assessed value, its tax base would increase in proportion to the value rise due to new construction plus six percent. Increase cannot be more than 15 percent of prior year’s tax base.

ESTIMATE OF FINANCIAL EFFECT - The impact of the passage of this measure is based on existing laws and appropriation levels in effect on August 4, 1982. In addition to the revenue impact on local governmental units, passage of this measure will have the following financial impact on state government.
Income Tax revenue will be reduced by approximately $700,000 in fiscal year 1983-1984. Homeowner and Renter Refund Program (HARRP) refunds to homeowners and renters will be increased by approximately $200,000 in fiscal year 1983-1934.
The State Tax Base will increase by approximately $28,000 in fiscal year 1983-1984. The last time the state levied a property tax was 1940.

YES □

NO □ [2]

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References

  1. 1.0 1.1 Oregon State Library, "State of Oregon Official Voters' Pamphlet," accessed December 10, 2013
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.