The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Tuesday, December 11, 2018
Multifamily Tax Rates, Inclusionary Zoning, Opportunity Zones
Attorney Chris Robinson discusses the tax rates on newly completed multifamily properties in Gresham and Fairview. Recently adopted legislation allowing cities to adopt change property ratios which are resulting in unique tax issues for new properties.
Mr. Robinson also discusses inclusionary zoning. His prediction: the city realizes it has not worked and will be making changes.
Finally, Mr. Robinson discusses federal opportunity zones and the attempt to encourage new development in underdeveloped areas.
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