As part of its Housing Strategy, the Council is exploring adoption of a property tax exemption for newly created multi-unit housing developments. This State-enabled property tax exemption (ORS 307.600-637) allows cities to exempt some property taxes for several years for newly created multi-unit housing that is near transit to incentivize this type of development.
Council will discuss this potential exemption program in its March 13, 2023 work session which begins at 5:30. The public can attend by phone, virtually via Zoom, or in person in the Council Chambers at Springfield City Hall. The Council packet and details on how to tune into the meeting will be available on the Council's webpage by Friday, March 10th.