HomeMy WebLinkAboutDCI_ Presentation_2024-05-13Department of Community Investment
May 13, 2024
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Agenda:
Bill No. 24-16 Declaratory Resolution: Five-Year (5) Single-Family Residential Real Property Tax Abatement for Property Located at 728 Harrison Ave.
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Single-Family Residential Real Property Tax Abatement
for 728 Harrison Avenue
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Declaratory Resolution: Bill No. 24-16
Tax Abatement for
728 Harrison Ave.
Cross Community, Inc. develops initiatives supporting the Bend’s West Side Neighborhoods.
Single-Family Residential Real Property Abatement
Brand new 2-story home located on Harrison Ave. just north of Lincoln Way West
Currently a vacant lot
$270,000 total investment
Beneficiaries of the abatements will be homeowners who purchase the property from Cross Community, Inc.
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Declaratory Resolution: Bill No. 24-16
Tax Abatement for
728 Harrison Ave.
Single-Family Residential Real Property Abatement
Estimates for house:
Current estimated taxes: $145.50
Estimated assessed value after construction: $220,300
Estimated annual taxes: $2,651
During the 5-year abatement:
Total estimated taxes: $13,253
Taxes abated: $7,633
Taxes paid: $5,620
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Declaratory Resolution: Bill No. 24-16
Tax Abatement for Property Located at 728 Harrison Avenue
ESTIMATED* Taxes During Abatement Period
* Assumes constant tax rates and no changes in assessed value.
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