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Senate extends vertical housing property tax exemption to 2031
3446353 · May 21, 2025
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Summary
The Senate passed House Bill 2074 to move the sunset for the vertical housing development partial property tax exemption from Dec. 31, 2025, to Dec. 31, 2031, continuing a local-option tool intended to incentivize mixed-use, higher-density housing.
House Bill 2074 passed the Oregon Senate on third reading, extending a property tax exemption used to encourage vertical housing development.
Senator Patterson, who carried the measure on the floor, said the bill moves the program’s sunset six years — from Dec. 31, 2025, to…
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