The City of College Place City Council created a Multifamily Housing Tax Exemption program via Ordinance #22-022 for key areas of the community at the December 13th, 2022 City Council meeting.
The Multi-family Housing Tax Exemption Program is offered by the City of College Place to stimulate new multi-family housing construction and the rehabilitation of vacant or underutilized buildings for multi-family housing. The program is intended to promote housing, community development and revitalization in our urban center.
Tax Exemption Benefits:
When a project is approved under this program, the value (as determined by the Walla Walla County Assessor) of eligible multi-family improvements is exempt from property taxes for 8 years; or up to 12 years, if the applicant commits to renting or selling at least 20 percent of the units as affordable housing to low- and moderate-income households. The exemption does not apply to land, existing improvements or non-residential improvements. The tax exemption is transferable to new property owners.