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Committee reviews extension of multi‑unit rental housing exemption; LRO outlines two schedule options

2239096 · February 4, 2025
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Summary

House Bill 2,078 would extend the property tax exemption for newly constructed or rehabilitated multi‑unit rental housing. LRO explained two schedule options for exemption terms and amounts; Tax Fairness Oregon testified in favor of the extension.

Chair Nathanson opened a public hearing on House Bill 2,078, a measure to extend the property tax exemption for newly constructed or rehabilitated multi‑unit rental housing from January 1, 2027 to January 1, 2033. LRO described the policy purpose as increasing the supply of workforce rental housing and summarized the two available local schedule…

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