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.


Map

Use the map below to locate your property in the MUPTE and other economic incentive areas.

Current Applications

The City of Eugene is currently considering two applications for the Multi-Unit Property Tax Exemption program. The Eugene City Council will consider these applications at a future meeting. The applications can be viewed through the links below and are available for viewing at the Planning and Development Department Permit Information Center at 99 W. 10th Avenue, Eugene, OR 97401 from 12:00PM to 4:00PM Monday through Friday.

  • Written comments may be submitted to Rachel Aguilar, City of Eugene Planning and Development Department, 99 W. 10th Avenue, Eugene, OR 97401 or raguilar@eugene-or.gov. For more information, please contact Dylan Huber-Heidorn at 541-682-5475.
  • Comments may be submitted during a 30-day period and must be received by 5:00pm Thursday, June 8.    


The Station House

This application requests a 10-year exemption for a proposed 176-unit, mixed-use development on the north side of 5th Avenue at the intersection with Oak Street.


Downtown Riverfront Parcel 3A

This application requests a 10-year tax exemption for a proposed 237-unit development at the intersection of 4th Avenue and High Street.


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. Gordon Lofts is a 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 building was completed in 2020.

Gordon Lofts MUPTE Application

Download Council packet materials

Watch Council’s discussion

City Council approved the Ferry St. Manor application with a 5-3 vote at their September 11, 2019, work session. Ferry St. Manor is a 5-story, 50-unit apartment building located off of Ferry Street, north of 11th Avenue. The building was completed in 2020.

Ferry St. Manor MUPTE Application

Download Council packet materials

Watch Council’s discussion

City Council approved MUPTE applications for three proposed apartment buildings located on undeveloped lots in the Downtown Riverfront area at their March 9, 2022 work session. Council previously discussed the applications at their February 22, 2022 meeting.  The projects would result in the addition of 381 new market-rate residential units in the Downtown Riverfront. The applications and links to Council materials can be accessed below. (Alternative scenarios for all three parcels were withdrawn from consideration by the applicant after submission; any references to Scenario B in either of the respective applications can be ignored.)

  1. What Is MUPTE?
  2. How does MUPTE support multi-unit residential development?
  3. How does the City determine if a housing project can receive a MUPTE?
  4. Why should the City of Eugene support dense housing in the downtown core?
  5. Can MUPTE support affordable housing?
  6. Does MUPTE cause the City to reduce its tax revenue?
  7. How effective has MUPTE been?
View All

Contact Us

  1. Amanda D'Souza

    Development Programs Manager

    99 W 10th Ave

    Eugene, OR 97401

    Ph: 541-682-5540

    Fx: 541-682-5572

    Email

HTS for web

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

Find out more by clicking here.