According to the conservative Tax Foundation, Oregon's tax burden is already well below average, and among the most attractive for business without further reductions:
Oregon's State/Local Tax Burden Below National Average
Oregon's state/local tax burden has fallen 16 places, dropping from 10th highest in 1977 to 26th highest in 2008, partly due to the state's lack of sales tax. Currently estimated at 9.4% of income, Oregon's state/local tax burden ranks below the national average of 9.7%. Taxpayers in Oregon pay $3,719 per capita in state and local taxes.
Oregon's 2008 Business Tax Climate Ranks 10th
Oregon ranks 10th in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes; individual income taxes; sales taxes; unemployment insurance taxes; and taxes on property, including residential and commercial property. Neighboring states ranked as follows: Washington (11th), Idaho (31st), Nevada (3rd) and California (47th).
Oregon Property Taxes: Middle of the Pack
Oregon is one of the 37 states that collect property taxes at both the state and local levels. As in most states, local governments collect far more. Oregon's localities collected $3,443,506,000 in property taxes in fiscal year 2004, which is the latest year the Census Bureau published state-by-state property tax collections. At the state level, Oregon collected $15,865,000 in property taxes during FY 2004, making its combined state/local property taxes $3,459,371. That brings its per capita collection to $963 and ranks Oregon's combined property taxes 28th highest nationally.
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