Portland mayor proposes $25K fee for tearing down homes – kgw.com
PORTLAND, Ore. – Portland Mayor Charlie Hales has proposed a $25,000 fee on developers who tear down perfectly good single family homes.
According to Dana Haynes, spokesman for the mayor’s office, Hales proposed the tax so that developers would reconsider demolishing livable homes and changing the look and feel of Portland’s historic neighborhoods.
The mayor’s office also found that home demolitions are driving up the comparable home values, sometimes by hundreds of thousands of dollars, even if they weren’t increasing how many homes were in the neighborhood.
The developers would also be charged $25 for each year the house has existed. So for a 100-year-old house, a developer would be charged a total one-time fee of $27,500.
The fee would be put into the city’s Housing Investment Fund, which helps homeowners stay in their current homes.
If a home is unlivable or hazardous, the fee would not apply.
The city will discuss the fee during a hearing on Oct. 14.
Other top stories:
Read or Share this story: https://on.kgw.com/1UTQ9W1