Does urban renewal raise property taxes?

No. Urban renewal does not raise property taxes.

Instead, the allocation of revenues received from a property taxpayer’s payment is changed as a portion of that payment would go to the new urban renewal area.  This is called “division of taxes” and is the administrative way that assessors must calculate the urban renewal revenue.

Because Eugene has two urban renewal districts, all property taxpayers see a line item on their property tax bills that shows a division of taxes for urban renewal. This is a result of the property tax limitations in Oregon. Again, this is not an increase in property taxes, merely a division of taxes already paid. If urban renewal districts were terminated in Eugene, the amount of taxes property owners pays would not decrease, they would simply be reallocated to the other taxing districts.

Show All Answers

1. What is urban renewal?
2. Where is urban renewal used in Eugene?
3. What has been done in the Downtown District with urban renewal funds?
4. How does urban renewal work?
5. Does urban renewal raise property taxes?
6. How has urban renewal evolved?
7. Who benefits from urban renewal?
8. Where do urban renewal funds come from?
9. What effect does urban renewal have on the other governments in the area?
10. How will urban renewal impact the school district?
11. Who makes the decisions about urban renewal projects and spending?
12. Why did the City amend the Downtown Urban Renewal Plan?
13. Why is the City considering an amendment to the Riverfront Urban Renewal Area?
14. What is the City's next step related to Riverfront and urban renewal?
15. How will the money be spent if the Riverfront Urban Renewal Plan is amended?
16. How will the money be spent now that the Downtown Urban Renewal Plan is amended?
17. How much money is there to spend in the Downtown District?
18. What are the City's next steps related to Downtown and Urban Renewal?