TVF&R Takes On Compression

TVF&R PowerPoint

Oregon Property Tax Issues

OregonLive.com article:

TVF&R warns local governments property tax compression will continue hurting budgets

Tualatin Valley Fire & Rescue is taking the lead in warning government agencies statewide about property tax compression, a once abstract economic threat that is now taking a very real toll on local budgets.

Property tax compression is what makes the following scenario possible: A resident could vote for a local option levy, perhaps even campaign for it, but unknowingly and legally contribute no property taxes toward it. Such is the result of Measure 5, a 1990 measure intended to cap property taxes that, combined with the recent decline in real market values, is reducing the amount some taxpayers give, especially to local option levies.

TVF&R relies almost entirely on property taxes, so it has taken particular notice.

Continue reading: TVF&R warns local governments property tax compression will continue hurting budgets