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City weighs new property tax.

Publication: The Register-Guard (Eugene, OR)
Publication Date: 28-MAY-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: City weighs new property tax.(Government)(The proposal would fund Measure 37 claims by imposing a 25 percent tax on the increased value of rezoned land)

Article Excerpt
Byline: Edward Russo The Register-Guard

The Eugene City Council is moving toward imposing a tax on certain property owners in order to raise money to pay Measure 37 claims.

A divided council last week asked staff members to develop final details for a special tax on land that increases in value because of city zoning decisions. Tentatively set at 25 percent, the tax has the potential to raise several hundred thousand dollars a year for city coffers, giving the City Council a way to pay Measure 37 claims rather than waive land use rules.

The tax would be levied only on the increased value of property caused by certain zoning actions, not on a property's overall value.

Mayor Kitty Piercy broke a 4-4 tie to advance the idea after a council debate. Voting to draft a tax ordinance were Councilors Betty Taylor, David Kelly,...

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