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.
| State or Territory: | Oregon |
| Effected Jurisdiction: | Multnomah County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2023 |
| Program name: | Historic Property |
| Program purpose: | General Economic Development |
| Statutory authority: | ORS 358.475 to 358.565 |
| Abating jurisdiction(s): | Other governments |
| Applicable taxes: | Property 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: | $1,535,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,535,000 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
| Document source: | https://multco-web7-psh-files-usw2.s3-us-west-2.amazonaws.com/s3fs-publi... |
