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Oakland adopts conditional resolution to opt out of state "Live Local" multifamily tax exemption
Summary
By unanimous voice vote the commission adopted resolution 2025-14 directing town staff to opt out, as permitted by state law, of the Live Local Act property tax exemption for qualifying multifamily projects and directing annual review for renewal.
Town Attorney Garrett introduced resolution 2025-14 and recommended that the commission adopt it as a standard, conditional opt-out of the state’s Live Local Act property-tax exemption for certain multifamily projects. Garrett told the commission the legislature allowed taxing authorities to opt out of the exemption by adopting a local resolution or ordinance before Jan. 1, and that the town must annually evaluate eligibility and renew the local action if desired.
Garrett described the statutory purpose and procedural requirement: "this is a standard form resolution that we've pushed out to all of our cities," and staff recommended adoption this month so Oakland can meet the property-appraiser reporting deadline. Garrett also said the resolution is conditional only because the town is waiting for the annual housing report (delayed this year).
A motion to adopt resolution 2025-14 was made and seconded. The commission approved the resolution by voice vote. Staff and Garrett clarified the decision requires a two-thirds vote for adoption and that the town would re-evaluate annually before each tax roll.
