Oregon Ballot Measure 5 (1990)
Ballot Measure 5 was a landmark piece of direct legislation in the U.S. state of Oregon in 1990. Measure 5, an amendment to the Oregon Constitution (Article XI, Section 11), established limits on Oregon's property taxes on real estate.
Property taxes dedicated for school funding were capped at $15.00 per $1,000 of real market value per year, and gradually lowered to $5. Property taxes for other purposes were capped at $10 per $1,000 per year. Thus the total property tax rate would be 1.5% at the end of the five-year phase in period. The measure transferred the responsibility for school funding from local government to the state, to equalize funding.
The measure was passed in the November 6, 1990 general election with 574,833 votes in favor, 522,022 votes against. It was one of the most contentious measures in Oregon election history.
Read more about Oregon Ballot Measure 5 (1990): Historical Significance, Arguments For and Against, Lasting Effects and Subsequent Legislation
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