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Below is a snapshot of key features of Oregon's tax system. (Scroll Down)
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State & Local Revenue (FY08)
- General Revenue, Own-Source (GROS): $21.3 billion
- General Revenue as a Share of Income: 15.7%
- Tax Revenue: $12.5 billion
- Tax Revenue as Share of income: 9.2%
- Personal Income Tax (Share of Tax Revenue): 39.7% (2 out of 51)
- Corporate Income Tax (Share of Tax Revenue): 4.3% (18 out of 51)
- Sales & Excise Tax (Share of Tax Revenue): 8.8% (50 out of 51)
- Property Tax (Share of Tax Revenue): 34% (16 out of 51)
- Other Taxes (Share of Tax Revenue): 4.8% (10 out of 51)
Personal Income Tax Features (2011)
- Range of Tax Rates: 5% - 11%
- Standard Deduction: $1,980 ($3,960 for Married Couples)
- Personal Exemption: Per Exemption Credit=$180 (est.)
- Dependent Exemption: None
- Earned Income Tax Credit (EITC): 6% Refundable
- Deduction for federal income taxes paid
- Top Rate Falls to 9.9% for 2012 and thereafter
Corporate Income Tax Features (2011)
- Range of Tax Rates: 6.60% - 7.90%
- Income Level at Which Top Rate Applies: $250,000
- Combined Reporting: Yes
- Apportionment Factor (Payroll): 0%
- Apportionment Factor (Property): 0%
- Apportionment Factor (Sales): 100%
Sales Tax Features (2011)
- State Sales Tax Rate: N/A
- Average Local Sales Tax Rate: N/A
- Average Combined State & Local Sales Tax Rate: N/A
- State Sales Tax Treatment of Groceries: N/A
- Local Sales Tax Treatment of Groceries: N/A
- Number of Services Taxed: 0 out of 168 surveyed
- Streamlined Sales Tax Membership: No
Property Tax Features (2011)
- Assessed value increases capped at 3% per year.
- School/non-school operating taxes limited to 0.5%/1% of market value, respectively.
- Does not provide a meaningful circuit breaker for non-elderly taxpayers.
Other Tax & Revenue Features (2011)
- Gasoline Tax Rate (per gallon): $0.31
- Diesel Tax Rate (per gallon): $0.303
- Cigarette Tax Rate (per pack): $1.18
- Estate or Inheritance Tax: Yes
- Net Lottery Sales Per Capita: $598
Tax Policy Oversight
- Tax Expenditure Report: Yes
- Tax Incidence Analysis Capability: Multiple taxes
Last Updated August 25, 2011
Sources & Glossary
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