Bill > HB3139

This bill provides a property tax relief mechanism for homeowners who have had their homes destroyed by wildfire and choose to rebuild on the same lot. Specifically, the bill allows county governments to adopt an ordinance enabling homeowners to receive a special property tax assessment for their rebuilt home, which would be valued at the same real market value as their destroyed home. To qualify, the rebuilt home must not exceed the square footage of the original home, and the owner must continue to use it as their primary residence. The special assessment continues until the home is no longer the owner's primary dwelling, is rented out, or is transferred to a new owner. The bill defines key terms like "destroyed homestead" and "rebuilt homestead" and outlines a detailed process for applying for the special assessment, including filing claims with the county assessor and providing documentation. Homeowners must file an initial claim and subsequent annual attestations, and the bill ensures that the special assessment is in addition to, not replacing, other existing property tax exemptions or limits. The legislation aims to provide financial support and stability for homeowners recovering from wildfire-related property destruction.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3139