The Oregon SHPO currently has two tax incentive programs to encourage the appropriate rehabilitation and maintenance of historic properties. Both are limited to properties that are listed in the National Register of Historic Places.
The Federal Tax Credit program is for income-producing buildings only (commercial and residential rental). It saves the property owner 20 percent of the cost of rehabilitation through a federal income tax credit.
Oregon´s Special Assessment of Historic Properties program offers a 15-year "freeze" of a property's assessed value for buildings that will be significantly but appropriately rehabilitated and maintained. Applications are accepted year-round. Dating from 1973, this program is the oldest of its kind in the country.
Page updated: November 05, 2007
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