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Council approves nonprofit-owned affordable-housing property tax exemptions for 2025–26
Summary
The Hillsborough City Council approved a resolution annually qualifying nonprofit-owned affordable-housing properties for a state-authorized property-tax exemption; staff said the program supports roughly 15 properties and nearly 700 units and represents about $175,000 in foregone city tax revenue this year.
HILLSBOROUGH, Ore. — The Hillsborough City Council on March 18 adopted a resolution qualifying nonprofit-owned affordable-housing properties for the city’s property tax exemption program, a tool councilors and staff described as a long-standing local method to support affordable housing operations and new construction.
Chris Hardy, senior project manager in the community development department, briefed councilors before the vote. He said the program is authorized by state statute (cited in the presentation as RS 307.540–.548) and “exempts all property taxes, including local option levies, local and regional bonds, as well as the property taxes of the school district, for example.” Hardy said the exemption can…
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