Why is Urban Renewal on My Tax Statement?

If you live in Florence, Oregon you will see a line on your tax statement that refers to Florence Urban Renewal. Urban Renewal allows taxing districts to establish areas within their boundaries that they consider to be blighted.

Although it appears to be a new tax, it's really not. What happens is if you're within the City of Florence boundaries, a portion of the taxes that you pay to special districts that overlap an urban renewal district are used to fund the urban renewal projects that are put in place to improve the blighted areas. The Urban Renewal Agencies receive their money from the amount taxpayers would have paid to other taxing districts and shifting that amount into their agency.

It is estimated that all activities proposed in the urban renewal plan will be completed and project indebtedness paid off by 2026-27. Those within the City of Florence will be seeing urban renewal on their tax statements until that time as that is when the tax increment provisions of the plan will end.