Which of the following measures was implemented to address property tax issues in Oregon?

Measure 50 was implemented in Oregon in 1997 to address property tax issues, specifically focusing on controlling the rate of property tax increases. The primary aim of this measure was to limit property tax assessments to a maximum of 3% increase per year for individual properties. This was a significant shift intended to provide relief to property owners from rapidly rising taxes, particularly during periods of significant property value appreciation.

Additionally, Measure 50 created a new system for calculating property taxes that included the establishment of a base value for properties which could only increase at a defined rate each year. This helped to stabilize property tax revenues for local governments while also offering predictability for property owners regarding their tax obligations.

In contrast, the other measures mentioned address different issues or focus on different areas entirely, such as business taxes or specific funding initiatives, and do not directly target property tax rates and how they are assessed.