Oregon 2021 Legislative Session: House Bill 2972: property tax study, with higher rate on land value than improvement value
by Scott Baker | Feb 20, 2021
Want more affordable housing? Tax structures less.
Want more people to own their own homes or small farm sites? Tax land more, to make purchase prices more affordable.
Want to discourage speculation? Tax land more, so speculators won’t buy land just for a good rate of return in a state with rapidly rising land prices.
But since the “devil is in the details,” we need a statewide study to determine optimal rates. |
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