Real Property Transfer Tax Battle In Oregon Begins Again

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Oregon Revised Statute 306.815 presently prohibits any city, county, district, or other political subdivision or municipal corporation from imposing a transfer tax. The only exception is the existing transfer tax in Washington County. In virtually every session of the Oregon Legislature, there are bills to allow the imposition of transfer taxes. House Bill 2518 was recently filed and seeks to allow the imposition of a transfer tax but only if three conditions are satisfied...

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Published In: Commercial Real Estate Updates, Tax Updates, Zoning, Planning & Land Use Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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