Bill > SJR22

This joint resolution proposes a constitutional amendment to create a property tax relief program for senior homeowners in Oregon, specifically targeting those aged 65 or older. The proposed amendment would allow seniors to freeze the assessed value of their primary residence, preventing annual property tax increases that could make housing unaffordable for those on fixed incomes. The program would apply to owner-occupied homes, including units in multiunit buildings, and would require individuals to enroll by April 15 preceding the tax year. Homeowners who are 65 or older, or those who own a home but cannot occupy it due to health reasons, would be eligible. If a senior's home is in a trust, the trustee can file a claim on their behalf. The property tax assessment would remain frozen while the home is in the program, and upon sale or transfer, the home would be reassessed to its market value. The Legislative Assembly would be required to establish a simple enrollment process and implement the program in the first odd-numbered year regular session after voter approval. The amendment would be submitted to Oregon voters for their consideration at the next regular general election, reflecting a commitment to helping seniors age in place without facing financial hardship from rising property taxes.

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SJR22