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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateOregon
Effected JurisdictionCity of Portland
Jurisdiction type: Municipality
Fiscal year ending In2019
Program nameHistoric Property
Program purpose: Historic Preservation
Statutory authority: Oregon Revised Statutes (ORS) 358.475 to 358.545
Abating jurisdiction(s): (not specified)
Applicable taxesProperty Tax
Method of abatement: Reduction in assessed value
Provisions for recapture: All work approval must be received in advance, and failure to carry out the preservation plan is cause for disqualification, repayment of taxes, penalties and interest.
Gross revenue loss: $3,815,207
Reimbursement / offset: $0
Net revenue loss: $3,815,207
Type of loss: Passive
Additional notes on dislosure(none)