Portland City Club criticizes property tax

Portland City Club criticizes property tax

The City Club of Portland released a report calling on Oregonians to repeal three ballot measures that it says turned the state's property tax into a "Frankentax."

The report says Measures 5, 47 and 50 have led to property assessments that are inequitable, unsustainable and inefficient.

The report recommends: a new ballot measure to repeal the old measures; the implementation of new base levies — adjusted for inflation and population — and subjected to periodic citizen review; and finally applying property tax rates to a rolling average of real market values.

Read more at OPB.