Multi-Unit Property Tax Exemption (MUPTE) Application Now Available
May 3, 2024 - The City of Corvallis Economic Development Office is pleased to announce the opening of the Multi-Unit Property Tax Exemption (MUPTE) application period.
The Multi-Unit Property Tax Exemption (MUPTE) is a tool that can move a proposed housing development to be financially feasible. MUPTE is a state-enabled program (ORS 307.600-307.637) designed to be an incentive for the development of residential properties in city centers and along transit corridors.
MUPTE allows new multi-family units (4 or more units) to be exempt from property taxes on the value of new residential construction for up to 10 years. The property continues to generate taxes for the land.
Please refer to the application packet for directions on the general application process, applicant credentials and fee information.
Please contact with questions:
Christopher Jacobs
Economic Development Division
541-766-6339
christopher.jacobs@corvallisoregon.gov
