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POL Government Elected Officials Auditor Griffin-Valade Charter, Code & Policies City Code & Charter Online Code & Charter Title 6 Special Taxes Chapter 6.06 District Property Management License
6.06.260 Lloyd Business District Fee Rates for Engaging in Property Management Activities.

(Amended by Ordinance Nos. 176262, 176955, 182925, 185495 and 186356, effective November 27, 2013.)

 

A.   Except as set out in Subsection B. of this Section, the fee established by this Chapter for management of business and residential property in the Lloyd District for a license year will be the sum of the following amounts, computed separately in relation to each such property within the District as to which the licensee is engaged in property management activities:

 

1.   $.40 (cents) per $1,000 of assessed value of improvements for the 2010-2011 property tax assessment year;

 

2.   Plus $2.25 per 290 square feet of improvements as of July 1, 2010;

 

3.   Plus $.015 (cents) per square foot of land as of July 1, 2010.

 

4.  Plus the total of the amounts determined under Subsections A.1. through A.3. multiplied by a 2.3 percent annual escalator for license years commencing on or after February 1, 2015.

 

B.   In relation to business and residential property other than exempt residential property where physical changes to the property on or after July 1, 2010 have resulted in an increase or decrease in square footage of improvements, as compared to the square footage as of July 1, 2010, the fee established by this Chapter, for management of such property in the Lloyd District in a license year, will be as provided in this Subsection:

 

1.   During the period between the date the City Bureau of Development Services issues an authorization, documentable by written documentation, to occupy the improvements, or during the period between 180 days after the date the Bureau of Development Services issues such an authorization to occupy any portion of the improvements that was not occupied while the physical changes were being made, and the date of beginning of the license year following the first property tax assessment year in which the assessment roll reflects the physical changes, the fee otherwise payable during the period will be adjusted to the following amount, prorated based on the number of days of the period in the applicable license year:

 

a.   The amount determined under Subsection A.1., plus $.40 (cents) per $1,000 of the cost of the physical changes, as determined from the City Bureau of Development Services records of all building permits issued authorizing or in association with the physical changes;

 

b.    Plus the amount determined under Subsection A.2., plus $2.25 per 290 additional square feet of improvements, resulting from the physical changes, as determined from the City Bureau of Development Services records of building permits issued authorizing or in association with the physical changes;

 

c.    Plus the amount determined under Subsection A.3.

 

2.   Beginning with the license year following the first property tax assessment year in which the assessment roll reflects the physical changes, the fee will be:

 

a.   $.40 (cents) per $1,000 of assessed value of improvements for the first property tax assessment year in which the assessment roll reflects the physical changes or would reflect the changes were the property not assessed by the Oregon Department of Revenue;

 

b.   Plus $2.25 per 290 square feet of improvements, as of July 1 of the first property tax assessment year in which the assessment roll reflects the physical changes or would reflect the changes were the property not assessed by the Oregon Department of Revenue;

 

c.    Plus the amount set out in Subsection A.3.;

 

d.  Plus the total of the amounts determined under Subsections B.2.a. through B.2.c. multiplied by a 2.3 percent annual escalator for the license years commencing on or after February 1, 2015.

 

C.   In computing the fee as provided in Subsection A. or B.:

 

1.  In relation to real property within the Lloyd District as to which a licensee is engaged in property management activities, where the property in part is exempt residential property or religious organization property or,

 

2.  In relation to persons generally exempt from the license requirements of this Chapter under Section 6.06.050 but where the exemption does not apply to  property management activities in relation to part of the property they manage, the fee in relation to property management activities as to such real property will be the fee computed as though management of the entire property were subject to the fee  multiplied by a fraction, the numerator of which is the square footage of the area in which the licensee is engaged in  property management activities subject to the fee (including land or improvements, as applicable) and the denominator of which is the square footage of the entire real property parcel (including land or improvements, as applicable).

 

3.  In relation to property within the District as to which there is more than one property manager for a given property, the fee for each property manager will be calculated as follows:

 

a.  Each property manager’s fee will first be computed as though the property manager was subject to the fee for the entire property.  That amount will then be multiplied by a fraction, the numerator of which is the square footage of the area for which the property manager is engaged in property management activities subject to the fee (including land or improvements, as applicable), and the denominator of which is the square footage of the entire real property parcel (including land or improvements, as applicable); and

 

b.  If there are common area improvements in a property subject to Subsection a. above, then in computing square footage of each property manager’s improvements, such square footage will be deemed to include an allocated portion of the common area improvements.  The allocated portion of common area improvements will be determined by multiplying the square footage of common are improvements by a fraction, the numerator of which is the square footage of the property improvements subject to this fee for each district manager, and the denominator of which is the square footage of all improvements on the property less the square footage of the common area improvements.

 

D.   Notwithstanding the amount of the fee computed under Subsections A., B., and C., of this Section, in no case will the fee payable by a licensee, in relation to all real property within the Lloyd District as to which the licensee is engaged in property management activities, exceed $35,000 for non-residential zoned property and $8,500 for non-exempt residential zoned property.

 

E.  The Lloyd District license requirements will not apply to exempt property.  For purposes of this Section, “exempt property” means exempt property as defined in Section 6.06.020 I. and also means exempt residential property.  For purposes of this Section, “exempt residential property” means a dwelling unit as defined in Chapter 33.910 of this Code that is owner-occupied and has its own separate water service; single room occupancy housing, as defined in Chapter 33.910 of this Code; low income housing; and subsidized housing. For purposes of this Subsection, low income housing is dwelling units available for rent at rates that are considered affordable, under federal affordability standards in effect on July 1, 1997, to persons earning 60 percent or less of the Portland region median income as identified in the records of Metro as of July 1 of each year. For purposes of this Subsection, subsidized housing is housing units available for rent at below market rates because either the units qualify for federal income tax benefits under Section 42 of the Internal Revenue Code, as in effect on January 1, 1997; or the units are subsidized through United States Department of Housing and Community Development Section 8 subsidies, as in effect on January 1, 1997, or other public or private organization subsidies. Subsidized housing includes but is not limited to student housing owned by the Oregon State System of Higher Education and housing owned by non-profit organizations that is subsidized through charitable contributions and grants.

 

F.  For purposes of this Section only, the terms "square feet of improvements" and "square footage of improvements" will not include:

 

1.  Surface and structured parking lot area;

 

2.  Landscaped area;

 

3.  Unenclosed sidewalk, plaza, and courtyard area;  and

 

4.  Below grade area unless improved for occupancy by employees or tenants.

 


Title 6 Special Taxes
Chapter 6.04 Transient Lodgings Tax
Chapter 6.05 Tourism Improvement District
Chapter 6.06 District Property Management License