421 SW 6th Avenue, Suite 500, Portland, OR 97204
Under the Homebuyer Opportunity Limited Tax Exemption (HOLTE) Program, single-unit homes receive a ten-year property tax exemption on structural improvements to the home as long as the property and owner remain eligible per program requirements.
Property owners are still responsible for payment of the taxes on the assessed value of the land during the exemption period. The property is reassessed when the exemption is either terminated for noncompliance or expires after the ten years, and owners begin paying full property taxes. The exemption period cannot be extended.
Note: Many of our forms are made for legal-sized paper (8.5x14). When printing to letter size (8.5x11), be sure that your printout includes all sections of the original form. If part of the form is getting cut off, check that "Fit to page" is checked in your print settings. See example (right). You may have to open "More settings" to see this option.