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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 JurisdictionMultnomah County
Jurisdiction type: County
Fiscal year ending In2022
Program nameHistoric Property
Program purpose: General Economic Development
Statutory authority: ORS 358.475 to 358.565
Abating jurisdiction(s): Other governments
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: If, during the course of a special assessment term, the historic property is disqualified, either at the owner's request or from failure to meet the requirements, the tax savings from having a frozen value must be repaid. The additional tax and interest is equal to the sum of the tax benefit received for each year of special assessment as historic property. In addition, a penalty of 15 percent of the back taxes and interest owed is levied upon the disqualified property owner
Gross revenue loss: $2,487,000
Reimbursement / offset: $0
Net revenue loss: $2,487,000
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://multco-web7-psh-files-usw2.s3-us-west-2.amazonaws.com/s3fs-publi...