• Charitable, nonprofit organizations that provide housing to low-income persons are eligible to receive the exemption.
  
  
• The organization must be a 501(c)(3) or 501(c)(4) corporation.
  
  
• The organization must own or have a leasehold interest in the property. In addition, your nonprofit organization can qualify if it participates as the general partner in a partnership that owns the property, so long as the nonprofit organization is responsible for the day-to-day management of the property. In this case, the partnership must be listed as the owner.
  
  
• An organization that only has a leasehold interest in the property must be obligated under the terms of the lease to pay the ad valorem taxes on the real and personal property used in providing housing to income eligible households; or the rent payable by the corporation must have been established to reflect the savings resulting from this tax exemption.
  
  
• Applicants must show that applicable properties will be occupied during the eligible tax year by income-eligible households as described in this application.
  
  
• Vacant land intended to be developed as low-income housing is eligible for the exemption provided under this program. The maximum period the tax exemption can apply to vacant land is 3 years.
  
  
• Applications for the exemption must be submitted annually. Applications are due by mid-February of the tax year for which the exemption is requested.
  
  
• Applicants may also apply for the exemption for properties expected to be acquired after the February deadline and before July 1st of the tax year, but the application form must be submitted within 30 days of property acquisition. Applicants who are leaseholders must have a signed leasehold agreement by the February application deadline.
  
  
• The property or portion of the property receiving the exemption, if occupied, is actually and exclusively used for the purposes described in section 501(c)(3) or (4) of the Internal Revenue Code.
  
  
• Only the residential portion of property used to house low-income people or property being held for future development as low-income housing is eligible. For example, the commercial space in a mixed-use building would not be eligible for the exemption. Therefore, partial property tax exemptions may apply.

Please check to ensure that your property or properties are located within the City of Hillsboro. 

Application for Affordable Housing Property Tax Exemption Program for Tax Year 2024-2025

Download, save, and submit a complete and accurate application along with the required additional information.

All applications must be signed and notarized - Notarization (Section E) is required only for each organization and application, not each property.

Applications must be received by the City of Hillsboro no later than 5:00 p.m. on February 16, 2024.

No application fee is required to apply for this program.

The following income eligibility schedule is used to determine the amount of property eligible for the exemption.

Only units occupied or intended for occupancy by households with incomes at or below these levels are eligible for the exemption: 60% of Area Median Income (AMI) for the initial application.

For renewal and future applications, the income of eligible individuals who continue to occupy the property in subsequent years may rise to 80% of the area median income.

Note: Unoccupied housing units at the time of application may be included in the total eligible units if the applicant meets the following conditions:

A. The units will be available exclusively to eligible low-income persons.
B. The units are intended to be occupied within the year.
C. The applicant must provide a written statement to the effect of A and B above and attach it to the application.