Relating to the homestead property tax deferral program.
Summary
] Changes the metrics for a homestead's real market value and the household income of a claimant in order to expand eligibility for the homestead property tax deferral program. Requires the Legislative Revenue Officer to submit a report to the Legislative Assembly about the equity that claimants hold in their homesteads and the advantages and disadvantages of determining program eligibility on the basis of equity rather than household income.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Jun 2025
House Passage
Jun 2025
Senate Passage
Jun 2025
Signed into Law
Jun 2025
Introduced Feb 25, 2025
Signed Jun 26, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
A-Engrossed
→
Enrolled
·
5 edits
·
Jun 26, 2025
MODERATE
This bill updates Oregon's homestead property tax deferral program by raising the income threshold from $32,000 to $70,000 and adjusting the effective date for income indexing from 2002 to 2027. The change expands eligibility for more homeowners to defer property taxes on their primary residences. The bill also adds new requirements about property ownership and insurance to ensure the program is properly administered.
Scope change
The bill significantly expands the scope of eligibility for the property tax deferral program by increasing the maximum household income limit, allowing more middle-income seniors and disabled individuals to qualify.
ELIGIBILITY
Increased the maximum household income limit for property tax deferral from $32,000 to $70,000, making the program accessible to more homeowners.
Removed the net worth threshold requirement that previously limited eligibility based on total assets.
TIMELINE
Updated the income indexing calculation date from 2002 to 2027, ensuring future adjustments use current economic data.
REQUIREMENT
Added new provisions requiring fee simple ownership and fire insurance coverage for homesteads seeking deferral.
Added requirements about debt-to-purchase-price ratios and prior homestead transfers to prevent abuse of the program.
Floor votes · Senate Jun 17, 2025 · House May 15, 2025
How they voted
30–0
Passed
Total votes 30
Jun 17, 2025
D
Democratic18
100% Yea
R
Republican12
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
20
Key actions
7
Committee
4
Jun 26, 2025
Signed into law
Governor signed.
lower
Jun 18, 2025
Upper · Passed
President signed.
upper
Jun 18, 2025
Lower · Passed
Speaker signed.
lower
Jun 17, 2025
Upper · Passed
Third reading. Carried by Patterson. Passed.
upper
Jun 16, 2025
Upper · Passed
Recommendation: Do pass the A-Eng. bill.
upper
May 19, 2025
Committee
Referred to Finance and Revenue.
upper
May 19, 2025
Introduced
First reading. Referred to President's desk.
upper
May 15, 2025
Lower · Passed
Third reading. Carried by Reschke. Passed.
lower
May 13, 2025
Lower · Passed
Recommendation: Do pass with amendments and be printed A-Engrossed.
lower
Feb 27, 2025
Committee
Referred to Revenue.
lower
Feb 25, 2025
Introduced
First reading. Referred to Speaker's desk.
lower
2 primary · 6 co-sponsors
Sponsors
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