(2) Notwithstanding ORS 310.200 to 310.242, the combination of the constitutional and the statutory reductions determined under ORS 310.222 shall not cause a city’s Measure 50 post-reduction taxes prior to additions made in ORS 310.236 (2)(a) and (b), to be less than the lesser of:
(a) The city’s Measure 47 comparison taxes; or
(b) The city’s Measure 50 pre-reduction taxes.
(3) Notwithstanding ORS 310.200 to 310.242, in the case of a city whose voters approved a local option tax in March 1997 of less than $100,000 per year and whose Measure 47 comparison taxes plus the local option taxes exceed the city’s Measure 50 pre-reduction taxes plus local option taxes, the city’s post-reduction Measure 50 taxes shall not be less than $228,000.
(4) The Department of Revenue shall increase a city’s post-reduction tax rate by the amount necessary to meet the requirements of subsections (2) and (3) of this section.
(5) The department shall also adjust the post-reduction tax rates of each taxing district, other than a school district, taxing the same property as a city affected by subsections (2) and (3) of this section to ensure that the district’s tax revenue is not reduced by more than one-quarter of one percent by the operation of this section.
(6) The calculations in this section shall be based on department estimates and shall include the effects of code area compression, but shall not include the effect of property-by-property compression.
(7) If the statewide constitutional reduction percentage determined under ORS 310.222 no longer equals 17 percent after the department makes the determinations described in this section, the department shall recalculate the constitutional reduction percentages as described in ORS 310.222 until the statewide reduction percentage equals 17 percent. [1997 c.541 §37]
Structure 2021 Oregon Revised Statutes
Volume : 08 - Revenue and Taxation
Chapter 310 - Property Tax Rates and Amounts; Tax Limitations; Tax Reduction Programs
Section 310.055 - Operating taxes.
Section 310.070 - Procedure when taxes exceed limitations or are incorrectly categorized.
Section 310.090 - Computation of rate for each item of tax; category rates; total rates.
Section 310.140 - Legislative findings; definitions.
Section 310.155 - Public school system limit; definitions.
Section 310.156 - Certain community college library limits.
Section 310.190 - Effect of election challenge on tax; resolution of challenge.
Section 310.202 - Definitions for ORS 310.200 to 310.242.
Section 310.204 - "Hospital facility" defined.
Section 310.206 - tax certification notice.
Section 310.208 - urban renewal certification.
Section 310.210 - Measure 5 imposed tax estimate.
Section 310.212 - Measure 47 comparison taxes.
Section 310.214 - Measure 47 comparison tax adjustments for certain nonschool taxing districts.
Section 310.216 - Pre-reduction Measure 50 taxes.
Section 310.218 - Preliminary reduction percentages.
Section 310.220 - Assessor certification to Department of Revenue; contents.
Section 310.228 - Determination of state replacement obligation.
Section 310.234 - Nonschool taxing district 1997-1998 operating tax adjustment for timber offsets.
Section 310.238 - Rate conversion; Measure 5 assessed value rate.
Section 310.242 - compression of consolidated rates.
Section 310.244 - Adjustment of city’s post-compression tax rate under certain circumstances.
Section 310.246 - Adjustment of permanent rate limit to correct mistakes by June 30, 1998.
Section 310.622 - Manufactured structures eligible as homesteads under tax laws of state.