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Tuesday, November 6, 2012

Real estate transfer tax ban passes handily

It isn't close -- statewide, Oregonians don't want there ever to be a real property transfer tax. Multnomah County voters are fine with the idea, of course -- us included -- but in this case, they'll be outvoted.

Comments (6)

The ballot measure appears to have been defeated per the information on the Elections Division page.
Yes Votes 577,739 46.12%
No Votes 675,047 53.88%

Was he talking about the other one?

Yes, the commenter has the wrong ballot measure. The estate tax repeal (and more) measure failed.

The long-standing property tax limitation notwithstanding, our property taxes are high, our property values are down. Many people are already going to lost money if/when they sell their houses. To throw a couple or few thousand dollars at the state on top of the thousands of property taxes paid every year is not the way to solve Oregon's structural tax problems.

I dislike most constitutional amendments but I bore down and voted for this one.

So how does this affect the WA county RE transfer tax?

Steve, I believe the measure was written so as to grandfather in any prior local taxes.

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