Oregon Ballot Measure 50 (1997)
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Measure 50 was a ballot measure in the State of Oregon, that was sent to the voters by the Oregon Legislature in 1997. The measure clarified the state's constitutional property tax limits imposed by Measure 47 in 1996. The measure was approved by voters in the May 20, 1997 special election, with 429,943 votes in favor, and 341,781 votes against.[1]
After the passage of Measure 47, as part of the ongoing anti-tax movement in Oregon, there was some confusion as to how the measure would be interpreted by the courts. One interpretation had the ballot measure reducing property tax revenues by $458 million in the fiscal year 1997-1998, while another interpretation, provided by the state's Attorney General, had it providing a reduction of only $270 million. Much of this disagreement had to do with what limitations Measure 47 would place on increases in the assessment of a property's value. Measure 50 limited the adjustments in property tax assessments.[2]
Proponents argued that Measure 50 was necessary to avoid a lengthy legal battle as well as budget uncertainty about the possible effects of Measure 47. Opponents argued that Measure 50, rather than being a re-write of 47, was an attempt to water down the limitations imposed by Measure 47. Indeed, the estimated financial impact of Measure 50 was a $361 million reduction, rather than Measure 47's intended $458 million reduction.
[edit] External links
- Oregon Voter's Guide page for Measure 50--includes the full text of the measure, explanatory statement, financial impact estimates, and arguments for and against.
