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RESOLUTION No. Terminate limited tax exemptions for properties under the Homebuyer Opportunity Limited Tax Exemption Program (Resolution; amend Resolution No. 37449) WHEREAS, in 1991, the Oregon Legislature

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How to fill out affordable housing property tax

01

Obtain the necessary forms from your local tax assessor's office.

02

Fill out the forms accurately, providing all the required information.

03

Include proof of income and any supporting documentation as requested.

04

Calculate your total household income and assets according to the guidelines.

05

Determine your eligibility for affordable housing property tax based on the income limits.

06

Complete the exemption application if you meet the eligibility criteria.

07

File the completed forms with the tax assessor's office before the deadline.

08

Await the determination of your application and any potential tax reduction benefits.

Who needs affordable housing property tax?

01

Individuals or families who meet certain income criteria and are seeking affordable housing solutions will benefit from the affordable housing property tax.

02

This includes low-income earners, seniors, disabled individuals, and individuals facing financial hardships.

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What is affordable housing property tax?

Affordable housing property tax is a tax levied on properties that are considered to be affordable housing units.

Who is required to file affordable housing property tax?

Property owners of affordable housing units are required to file the affordable housing property tax.

How to fill out affordable housing property tax?

Affordable housing property tax can be filled out by submitting the necessary forms and information to the local tax authority.

What is the purpose of affordable housing property tax?

The purpose of affordable housing property tax is to generate revenue for the government and to support the maintenance and development of affordable housing units.

What information must be reported on affordable housing property tax?

Information such as property address, owner's information, property value, and any income from the property must be reported on affordable housing property tax.

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