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OregonHB 37122025 Regular SessionHouseWALLET

Relating to the homestead property tax deferral program.

Sponsored By: Christine Drazan (Republican), E. Werner Reschke (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More homeowners can delay property taxes

For tax years starting July 1, 2026, Oregon raises income and home-value limits for homeowners seeking property tax deferral. Claimants must be at least 62 or have a disability by April 15 of the filing year. Prior-year household income must be below $70,000, up from $32,000; net worth must still be below $500,000. The home's market value must be below the greater of an inflation-indexed $250,000 or a share of the county median home value. That share depends on continuous ownership and occupancy: 150% for under 17 years; 160% for 17–under 19; 170% for 19–under 21; 200% for 21–under 23; 225% for 23–under 25; and 250% for 25 or more. Starting with tax years beginning July 1, 2027, the income limit is recalculated using inflation and rounded to the nearest $500. The $250,000 home-value floor also follows its inflation formula, with amounts rounded to the nearest $500. Other residence, ownership, insurance, and eligibility requirements still apply. Deferral delays payment; it does not erase the tax.

Sponsors & Cosponsors

Sponsors

  • Christine Drazan

    Republican • Senate

  • E. Werner Reschke

    Republican • House

Cosponsors

  • Bobby Levy

    Republican • House

  • David Brock Smith

    Republican • Senate

  • Deb Patterson

    Democratic • Senate

  • Janeen Sollman

    Democratic • Senate

  • Nancy Nathanson

    Democratic • House

  • Travis Nelson

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 93 • No: 0

Senate vote • 6/17/2025

Third reading. Carried by Patterson. Passed.

Yes: 30 • No: 0

Senate vote • 6/9/2025

Finance and Revenue: Heard and Reported Out

Yes: 5 • No: 0

House vote • 5/15/2025

Third reading. Carried by Reschke. Passed.

Yes: 51 • No: 0

House vote • 5/8/2025

Revenue: Heard and Reported Out

Yes: 7 • No: 0

Actions Timeline

  1. Chapter 449, (2025 Laws): Effective date January 1, 2026.

    7/25/2025House

  2. Governor signed.

    6/26/2025House

  3. President signed.

    6/18/2025Senate

  4. Speaker signed.

    6/18/2025House

  5. Third reading. Carried by Patterson. Passed.

    6/17/2025Senate

  6. Second reading.

    6/16/2025Senate

  7. Recommendation: Do pass the A-Eng. bill.

    6/16/2025Senate

  8. Work Session held.

    6/9/2025Senate

  9. Public Hearing held.

    6/2/2025Senate

  10. Referred to Finance and Revenue.

    5/19/2025Senate

  11. First reading. Referred to President's desk.

    5/19/2025Senate

  12. Third reading. Carried by Reschke. Passed.

    5/15/2025House

  13. Second reading.

    5/14/2025House

  14. Recommendation: Do pass with amendments and be printed A-Engrossed.

    5/13/2025House

  15. Work Session held.

    5/8/2025House

  16. Work Session held.

    5/6/2025House

  17. Informational Meeting held.

    4/29/2025House

  18. Public Hearing held.

    3/18/2025House

  19. Referred to Revenue.

    2/27/2025House

  20. First reading. Referred to Speaker's desk.

    2/25/2025House

Bill Text

  • HREV Amendment -1 (Adopted)

    5/8/2025

    PDF

  • HREV Amendment -1 (Proposed)

    5/6/2025

    PDF

  • A-Engrossed

    PDF

  • Enrolled

    PDF

  • House Amendments to Introduced

    PDF

  • Introduced

    PDF

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