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Oregonians aim to prohibit real estate transfer taxes in 2012

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November 17, 2010

SALEM, Oregon: Amongst several proposed measures for 2012 the issue of real estate transfer taxes has surfaced in Oregon. The proposed measure, supported by local Realtors, aims to prohibit real estate transfer taxes. Supporters argue that although Oregon law currently prohibits real estate transfer taxes, a preemptive step is needed to ensure that the law remains in effect. However, proponents of the proposed measure worry about recently proposed bills in legislative sessions to rescind the rule. Protect Oregon Homes supports and has launched the petition drive to gather sufficient signatures to qualify the proposed measure.[1]

In order to qualify for the ballot, supporters are required to collect a minimum of 110,000 valid signatures by July 2012. According to reports in early November 2010, supporters had collected more than 25,000.

A similar measure to prohibit real estate transfer taxes surfaced on the November 2, 2010 general election ballot in the state of Missouri. Voters approved the measure by an estimated 84% according to unofficial election results.[2]

See also

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Approveda Missouri Real Estate Taxation, Amendment 3 (2010)