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Measure 37 undermined the property rights of neighbors. Owners who purchased homes in areas zoned single family residential, or wineries in areas zoned exclusively agricultural, lost the value of their property as Measure 37 claimants were authorized to build large subdivisions, gravel mines, and hotels next to their land. [2] Environmental impact.
Ballot Measure 47 was an initiative in the U.S. state of Oregon that passed in 1996, affecting the assessment of property taxes and instituting a double majority provision for tax legislation. Measure 50 was a revised version of the law, which also passed, after being referred to the voters by the 1997 state legislature .
Property taxes dedicated for school funding were capped at $15 per $1,000 of real market value per year and gradually lowered to $5 per $1,000 per year. Property taxes for other purposes were capped at $10 per $1,000 per year. Thus, the total property tax rate would be 1.5% at the end of the five-year phase in period. [2]
Included in the Corporation Division is the Office of Small Business Assistance, [1] which cuts through red tape and is an independent voice for small business within state government. The Corporation Division maintains the Oregon Business Registry [2] online application which allows businesses to register online. There is also a Business Name ...
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...