Property owners within 800 meters of Metro stations will pay a 75% tax on the increased value of their real estate, according to the Knesset bill set to pass.
To embed, copy and paste the code into your website or blog:
Effective January 1, 2021, Portland-metro residents and businesses need to be aware of two new taxes. The first is the Metro Supportive Housing Services Tax (“Metro Tax”), which was formerly known as Measure 26-210. The second is the Preschool for All Personal Income Tax or Multnomah County Income Tax (“Preschool Tax”), which was formerly known as Measure 26-214.
Metro Tax
On December 17, 2020, the Metro Council adopted tax codes that will allow Metro to implement, collect, and enforce the Metro Tax. The Metro Tax consists of a personal income tax component and a business income tax component. Both components will remain in effect through December 31, 2030, unless reauthorized by voters on or before that date.