Construction Excise Tax
Curious about the Construction Excise Tax for the Eagle Point School District? Let’s take a moment to explain. In 2007, Oregon’s lawmakers introduced SB 1036, which gives school districts a helpful way to fund important improvements, expanded facilities, and new equipment driven by community growth. Since 2007, school districts have been working together with cities and counties to charge a tax on new residential and non-residential developments. This tax applies whenever new structures are built or when existing ones expand with extra square footage.
So, what does this tax support? The money collected goes toward vital projects like buying land, building or improving school facilities, and purchasing necessary equipment, furnishings, or related services like architectural, engineering, and legal costs. The revenue helps the district prepare sites for future schools and offset some costs of new school buildings.
Who needs to pay, and when? The tax is payable by the developer or property owner when they’re ready to obtain a building permit within the Eagle Point School District. No permit will be issued unless the tax is paid or an approved exemption is filed using the Exemption Form. This way, everyone knows when and how the process occurs, making it transparent & straightforward for everyone involved.