Multi-unit Property Tax Exemption

  1. Program Overview
  2. Program Requirements
  3. MUPTE Review Panel

The Multi-Unit Property Tax Exemption (MUPTE) is a tool that can shift a proposed housing development to being financially feasible. It is a state-enabled program designed to be an incentive of redevelopment of residential properties in city centers and along transit corridors. In Eugene, the City Council has authorized the use of MUPTE in the downtown area.


MUPTE allows new multi-family units (5 or more units) to avoid property taxes on the value of new residential construction for up to 10 years. The property continues to generate taxes for the land value during the exemption period.MUPTE_DevelopmentOverview


The figure to the right shows how the costs of development and operating revenues are connected. The construction costs are all up-front and are made before the developer generates any revenue from the development. Typically, developers use a mix of equity (i.e., investor funds) and debt (i.e., bank loan). The developer estimates the future rents from the apartments and/or commercial space or sales from condominiums, to estimate if those expected revenues can cover the debt payments and provide investors with a return on their investment that is competitive with other investment opportunities. By exempting property taxes, MUPTE lowers the operating costs in the early years of a housing development so that it becomes financially feasible.


Current Applications

The City of Eugene received an application for a ten-year property tax exemption under the Multi-Unit Property Tax Exemption (MUPTE) Program. Ferry St. Manor is a proposed 5-story, 50-unit apartment building located off of Ferry Street, north of 11th Avenue. The property is currently provides parking for Eugene Manor. 


The MUPTE application is available here: Ferry St. Manor MUPTE Application

  • A hard copy is available to view at the Eugene Permit and Information Center (99 W. 10th Ave. between 9 a.m. and 4 p.m. Monday through Friday)
  • Written comments may be submitted to Dana Bernard, City of Eugene Planning and Development Department, 99 W. 10th Avenue, Eugene, OR 97401 or dana.m.bernard@ci.eugene.or.us. For more information, please contact Amanda D'Souza at 541-682-5540 or amanda.m.dsouza@ci.eugene.or.us.
  • Comments may be submitted during a 30-day period and must be received by 5:00pm, Tuesday, May 14.       


Past Applications

City Council approved the Olive Lofts application on July 27, 2016. Click here to download the Council Packet.


City Council approved the Gordon Lofts application with a 5-3 vote at their October 17, 2018 work session. The Gordon Lofts in Eugene is a proposed 7-story, 127-unit apartment building with ground floor commercial space at the northwest corner of 6th Avenue and Pearl Street and is part of the 5th Street Market expansion.  The property is currently used as a parking lot.

Gordon Lofts MUPTE Application

Download Council packet materials

Watch Council's discussion


Contact Us

  1. Amanda D'Souza


    Business Development Analyst
    99 W 10th Ave
    Eugene, OR 97401
    Ph: 541-682-5540
    Fx: 541-682-5572
    Email

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This initiative contributes to increasing housing affordability, availability, and diversity of type. 

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