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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.

Effected JurisdictionCity of Portland
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameHomebuyer Opportunituy Limited Tax Exemption (HOLTE)
Program purpose: Property improvements
Statutory authority: Oregon Revised Statutes 307.651 to 307.687
Abating jurisdiction(s): City of Portland
Applicable taxesReal Property Tax
Method of abatement: Tax Exemption/waiver
Provisions for recapture: (not specified)
Gross revenue loss: $890,836
Reimbursement / offset: $0
Net revenue loss: $890,836
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.portland.gov/omf/brfs/accounting/documents/2022-annual-compr...