Oregon legislation · 2025 Legislative Measures
Oregon HB3712: Relating to the homestead property tax deferral program.
Status: Chaptered, July 25, 2025
Digest: The Act would change the metrics for real market value and income to make more people eligible to defer property taxes on their homes. The Act would have LRO study the value of basing program entry on equity vs. income and turn in a report next year. (Flesch Readability Score: 60.5). [ Digest: The Act would change the metrics for real market value and income so that more people will be able to defer property taxes on their homes. (Flesch Readability Score: 63.3). ] 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.
What the bill says
From the enrolled text, June 17, 2025:
83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session House Bill 3712 Sponsored by Representatives RESCHKE, DRAZAN; Representatives LEVY B, NATHANSON, NELSON, Senators PATTERSON, SMITH DB, SOLLMAN CHAPTER ................................................. Relating to the homestead property tax deferral program; creating new provisions; and amending ORS 311.668 and 311.670. SECTION 1. ORS 311.668 is amended to read: 311.668. (1)(a) A claim to defer the property taxes on a homestead that is eligible for deferral under ORS 311.670 may be filed with the county assessor in the manner prescribed under ORS 311.672 by: (A) An individual who is, or two or more individuals filing a claim jointly each of whom is, years of age or older on or before April 15 of the calendar year in which the claim is filed; or (B) An individual who is a person with a disability as of April 15 of the calendar year in which the claim is filed, regardless of the age of the individual or the age or disability of other individuals occupying the homestead. (b) If a guardian or conservator has been appointed for an individual otherwise eligible to claim deferral of taxes under this section, the guardian or conservator may act for the individual in complying with the provisions of ORS 311.666 to 311.701. (c) If a trustee of an inter vivos trust that was created …