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Oregon House restores 10-year special assessment to spur historic building rehabilitation
Summary
The House passed House Bill 3190 to reestablish a 10-year special assessed value for qualifying commercial historic properties to encourage rehabilitation, with oversight by the Oregon Historic Preservation Office.
House Bill 3190, a measure to restart Oregon’s historic property special assessment program, passed the House after proponents said it would incentivize rehabilitation of vacant and underused historic commercial buildings.
Representative Nous, the bill carrier, told colleagues the bill “restarts Oregon's special assessment program for historic properties” and allows owners who make appropriate improvements to freeze the taxable value of their property for 10 years so savings can be reinvested in rehabilitation. “That’s not a tax giveaway, mister…
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