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Senate committee hears competing views as bill would revive historic property tax special assessment
Summary
Supporters told the Senate Committee on Finance and Revenue that reactivating the Historic Property Special Assessment Program would help downtown revitalization and preserve small historic buildings; an opponent warned the amended bill could be exploited by rental owners and estimated a modest but material revenue loss.
The Senate Committee on Finance and Revenue on May 5 heard testimony for House Bill 3,190A, which would reactivate and change Oregon’s Historic Property Special Assessment Program for commercial properties.
Supporters said the incentive would help preserve and reactivate older commercial buildings, enable upper‑floor housing and sustain downtown economies. “This incentive will be a viable part of helping our downtowns and commercial corridors to continue to be vital contributors to community prosperity,” said Nicole Posert, executive director of Restore Oregon.
Advocates described small, historic commercial buildings as cultural assets…
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