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Advisory board pilots 'high-value' property map to target TIF dollars, weighs outreach and equity
Summary
Bend advisory board members spent a large portion of the meeting workshoping a 'high-value' property map that ranks sites by real-market vs assessed-value and requested overlays, outreach plans and safeguards against unintended impacts on land prices and displacement.
Board members spent the meeting’s main workshop developing a working approach to a ‘high-value property’ map intended to guide where limited TIF dollars should be targeted.
Staff described the map’s starting methodology as a simple ratio of real-market value to assessed value and said parcels with a 50% or lower ratio were flagged as under-assessed and thus good candidates for generating additional tax increment. The presenter emphasized that this is an initial, rudimentary formula intended to be refined with overlays and additional screening.
Members suggested and debated a long list of…
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