Oregon Senate Bill 518

---

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-17 - Referred to Finance and Revenue.
Pending: Senate Finance and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

The Act would have a county at high risk of financial distress hold back three percent of property taxes to be used to fund the work of the county assessor. (Flesch Readability Score: 60.7). Authorizes a county tax collector to withhold from property tax distributions to taxing districts within the county an amount equal to three percent of the distributions. Applies during any period in which the county is listed in an audit report of the Secretary of State as being at high risk of financial distress. Requires the county to use the withheld amounts to fund the office of the county assessor. Takes effect on the 91st day following adjournment sine die.

Relating to county property tax collection; prescribing an effective date.

Sen. David Smith [R]

Rep. Court Boice [R]

Date	Chamber	Action
2025-01-17	Senate	Referred to Finance and Revenue.
2025-01-13	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB518
Text	https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB518/Introduced
Supplement	https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/84715