Fillable 2021 Property Tax Exemption Application - Fillable Version (City of Beaverton)

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2021 Property Tax Exemption Application - Fillable Version (City of Beaverton)

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City of Beaverton 12725 SW Millikan Way PO Box 4755 Beaverton, OR 97076 www.BeavertonOregon.gov
2021/2022
Property Tax Exemption
Application
P
roperty Tax Exemption Program for
Low-Income Housing Held by
Charitable, Nonprofit Organizations*
*Implementing provisions of ORS 307.540 - 548
Instruction
The Oregon legislature authorizes a property tax exemption for low-income housing
held by charitable, nonprofit organizations.
The tax exemption is intended to benefit
low-income persons and is available for qualifying property located in the City of
Beaverton. Specific provisions that govern the City of Beaverton’s Nonprofit Corporation
Low-income Tax Exemption Program are provided in the Beaverton City Code Sections
3.02.01 to 3.02.07.
1
2
Application guidelines:
• Charitable, nonprofit organizations that provide housing to low-income persons are
eligible.
• The organization must be certified by the Internal Revenue Services as a 501(c)(3)
or 501(c)(4) (ORS 307.180).
• Organizations must own or have a leasehold interest in the property. In addition,
your nonprofit organization can qualify if it participates as the general partner in a
limited partnership who owns the property, so long as the nonprofit organization is
responsible for the day-to-day management of the property. In this case, the limited
partnership must be listed as the owner.
• The site must be able to show that it will be occupied during the eligible tax year by
income-eligible households.
• Vacant land intended to be developed as low-income housing is eligible for the
exemption provided under this program. The maximum period for this exemption
is 6 years. If an extension of time is required to develop the vacant land for low-
income housing, and the organization still seeks an exemption under this program, it
must seek Council approval under the process described in BC 3.20.050.
• Applicants who are leaseholders must have a signed leasehold agreement by the
February 1 application deadline.
• Applications for the exemption must be made annually. Applications for each year
are due by February 1 of that year. Applicants may also apply for the exemption for
properties expected to be acquired after March 1 and before July 1 of the tax year
but the application form must be submitted within 30 days of property
acquisition.
• The application for tax exemption is for property that is, or will be, owned or leased
from July 1 through June 30 of the year for which the tax exemption is requested. If
the property changes ownership between July 1 and June 30 of the year for
which the tax exemption is requested, please notify the City of Beaverton of
the change in the status so that the continuing eligibility of the property can
be evaluated.
• Only the residential portion of property that is used to house low income people or
property that is being held for future development as low-income housing. For
1
ORS 307.540 – 307.548.
2
"Low-income persons" are individuals earning 60% or less of the area median income or 80% following one year of tenancy.
[U.S.C. Section 1437 (a)(b)(2)].
example, the commercial space in a mixed-use building would not be eligible for the
exemption.
• Property may qualify for exemption under this program when governing bodies and
service districts representing 51% of the taxes levied on the property have formally
agreed to the exemption.
• Any renewal application for a property that has been previously exempted from
taxation will be evaluated on criteria used to grant the original exemption.
Note: Please check to see that your property or properties are located within the
jurisdiction of a participating governing body. As of November 2017, the governing
bodies are the City of Beaverton, Washington County, Beaverton School District,
Tualatin Hills Park and Recreation District, Tualatin Valley Fire and Rescue, Metro, and
Portland Community College have approved the exemption. The most recent property
tax statement for the property should include a list of taxing jurisdictions and districts
that have levied against the property.
Who administers the program?
The City of Beaverton will administer the program but coordinates closely with the
Washington County Office of Assessment and Taxation. Please contact Lisa Bailey at
503-526-2474 or at
How to apply?
Submit a complete and accurate application which includes all of the following
information:
1. Complete Sections A and E for your organization. Complete Sections B, C, and D
for each property for which a property tax exemption is being requested.
2. All applications must be signed and notarized - Notarization (Section E) is required
only for each organization and application, not each property.
3. All applications must include a copy of IRS 501(c)(3) or (4) letter certifying your
organization's eligible charitable nonprofit status. If your nonprofit organization is a
general partner in a limited partnership who owns the property, the nonprofit
organization must be responsible for the day-to-day management of the property. In
this case, the limited partnership must be listed as the owner.
4. Applications must be received by the City of Beaverton no later than February 1,
2021.
Due to COVID-19, we ask that you submit applications via email to Lisa Bailey at
5. No application fee is required to apply for this program.
with questions.
lbailey@BeavertonOregon.gov
. You can use the fillable PDF provided or scan in
documents and email them. If you are unable to provide the following via email,
please contact Lisa Bailey at 503-526-2474 to coordinate in a different manner.
lbailey@beavertonoregon.gov
Eligibility Schedule
The following income eligibility schedule is to be used in determining the amount of
eligible property. Only units which are intended for occupancy by households with
incomes at or below these income guidelines are eligible for the exemption.
"Low-income persons" are individuals earning 60% or less of the area median income
or 80% following one year of tenancy. [U.S.C. Section 1437 (a)(b)(2)].
Household Income Income
Size 60% 80%
1 38,700$ 51,600$
2 44,220$ 59,000$
3 49,740$ 66,350$
4 55,260$ 73,700$
5 59,700$ 79,600$
6 64,140$ 85,500$
7 68,580$ 91,400$
8 72,960$ 97,300$
2020 HUD Income Eligibility
Requirement for Tax Exemption
Note: Unoccupied housing units at the time of application may be included in the total
eligible units if the applicant meets the following conditions:
A. The units will be available exclusively to eligible low-income persons.
B. The units are intended to be occupied within the year.
C. The applicant must provide a written statement to the effect of A and B above and
attach it to the application.
Property Tax Exemption Application - 12/3/20
Page 1
Application
Property Tax Exemption for Low-Income Housing Held By
Charitable, Nonprofit Organizations
(Implementing Provisions of ORS 307.540 - 548)
Contents
Page
(For Office Use Only)
, City of Beaverton, Oregon Date Received
Section A - General Information .................................................................. 1
B - Property to be Considered for Exemption .............................. 2
C - Leasehold Interest in Eligible Property ................................... 3
D - Description of Charitable Purpose/Project Benefit ................ 4
E - Declarations .............................................................................. 5
Section A – General Information
Please check one:
Original Application
Renewal Application
Corporate Name:
Address:
Telephone Number: /
Business Alternate Phone
Email Address:
Chief Executive Officer:
Contact Person:
Property Tax Exemption Application
Page
2
Section B - Property to be Considered for Exemption
(Sections B, C, and D must be filled out for each property for which you are requesting a tax exemption)
Owner of record:
Property Address:
(Physical address of the property for which you are seeking an exemption)
Property Tax Account Number(s):
Taxlot Account Number(s):
(Be sure to identify all account numbers for both land and improvements on the property for which you
are requesting tax exemption. In some cases, land and improvements may have separate account
numbers. The Property Tax Account Number(s) and the Taxlot Account Number(s) should be on your
property tax statements.)
Total Number of Residential Units in Building(s):
Number of Residential Units Occupied by Low-income People:
Total Square Feet in Building(s):
Total Square Feet of Residential and Residential Common Area:
Date When Exemption was First Granted for this Property: _______________________
(For renewal applications only)
4
4
This includes halls, baths, dining, and other space dedicated to residential use. Retail uses and other accessory uses not
related to residential use are not to be counted.
Property Tax Exemption Application
Page
3
Section C - Eligible Property
Do you own the property in question? � Yes � No
If you do not own the property, do you have leasehold interest in the property?
� Yes � No
If you have an ownership interest in the property, but your organization is not the record
owner, describe your interest in the property. NOTE: Your nonprofit organization must be
responsible for day-to-day operations in order to be eligible for exemption under this
program. Include that information in your description.
If you have a leasehold interest, describe your interest and include a statement describing
how, as the nonprofit organization, you are obligated under the terms of the lease to pay
the ad valorem taxes on this property or other contractual arrangement such that the
property tax exemption benefits accrue to the nonprofit agency and the residential tenants
rather than the owner or corporation from whom you lease.
If the property is being held for future low-income housing development, describe the
future development (number of units, units broken out by # of bedrooms, amenities
available, etc.) and the income level(s) that will be served by the future development.
Property Tax Exemption Application
Page
4
Section D - Description of Charitable Purpose/Project Benefit
(Use for multiple projects if same conditions apply)
Briefly describe your organization’s charitable purpose:
Is the property being held for the purpose of developing low-income housing?
� Yes � No
The holding period may not exceed six years. When did the period begin? __________
Is all or a portion of the property is being used for the charitable purpose?
� All � Portion
If a portion, approximately what percentage of the property?
Will the cost savings resulting from the proposed tax exemption enable you to do the
following:
Reduce the rents that your low-income residential tenants pay on the property in
question? � Yes � No
If so, by approximately how much?
Provide greater services to your low-income residential tenants?
� Yes � No
If yes, in what way(s)?
Provide any other benefit to your low-income residential tenants?
� Yes � No
If yes, please explain.
If you lease the property identified in this application, please explain to what extent your
lease agreement coincides with the timeframe of the qualifying tax year:
Property Tax Exemption Application
Page
5
Section E – Declarations
(Please read carefully and sign below before a notary)
1. I have attached to this application the IRS declaration of the status of applicant as a
tax-exempt corporation under 26 U.S.C. Section 501 (c)(3) or (4).
2. I am aware that the income-qualifying tenants must meet the income guidelines in
accordance with 42 U.S.C. Section 1437 (a)(b)(2) as amended. (See Attachment
A, Income Eligibility Schedule.) Tenant incomes do not exceed these limitations as
I verily believe.
3. I am aware of all requirements for tax exemption imposed by ORS
307.540 -307.548 (Chapter 660 Oregon Laws 1985, as amended by Chapter 756
Oregon Laws 1987) and modified by Beaverton Code Section 3.20.
4. To the best of my knowledge, the above-described property or properties, qualify,
or if vacant or under construction, will qualify for property tax exemption once
occupancy is established.
5. I have read and understood the criteria provided in BC 3.20.020(A)(5), and I certify
that the corporation meets that criteria.
6. All the information in this application is true to the best of my belief and knowledge,
and is for the purpose of determining eligibility for the tax exemption program
authorized by ORS 307.540 -307.548 and administered through Beaverton Code
section 3.20.
By:
Agency Chief Executive Officer (Signature)
Agency Chief Executive Officer (Print or Type)
For:
Corporate Name (Print or Type)
SUBSCRIBED AND SWORN to before me this ____ day of _______________, _____.
Notary Public for Oregon (Signature)
Notary Public for Oregon (Print or Type Name)
My Commission Expires
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2021 Property Tax Exemption Application - Fillable Version (City of Beaverton)

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Completed 9 February 2021

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