Thursday, November 29, 2018

21 Oregon Housing Tax Expenditures 2019-2021: An Increase of $170 Million /8.6% to $2.1 Billion, With Homeownership Receiving 90% of Total.

The new 2019-2021 Oregon Tax Expenditures report HERE contains a number of housing tax expenditures. 

I identified twenty one tax expenditures and I subdivided those between homeownership (6) and rental housing (15).  

The sorted table I created is pasted below and shows that during the next biennium the total for housing related tax expenditures will reach $2.1 billion, an increase of $170 million/8.6%.  [As a frame of reference, the new Tax Expenditure report says there are a total of 368 tax expenditure items that total to $24.95 billion in the 2019-2021 biennium].

Home ownership related tax expenditures in the next biennium: 
  • Are projected to account for 90% of all housing related tax expenditures and 
  • The home ownership increase of $153.3 million is 9+ times the projected increase of $16.5 million for rental housing. 

Originally created and posted on the Oregon Housing Blog

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