10 April 2006

Property tax breaks in Oregon

When Toledo fire fighter Rudy Garcia went looking for land on which to build a home, he was eager to find a real estate tax haven.

He didn't have to search far.

Newly built homes in a wide swath covering a majority of land in Toledo are eligible for a program that forgives most property taxes for 15 years.

Begun more than two decades ago in an attempt to spawn home construction in "discouraged" areas of Toledo, the program has grown to cover two-thirds of the city, municipal administrators said.

In a little noted development last year, City Council added the popular neighborhoods of Point Place, the North Towne area, and Reynolds Corners.

The program now stretches to the city of Oregon to the east, Springfield Township to the west, Bedford Township to the north, and Rossford and Northwood to the south.

More here.

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