Land Use & Zoning
Oregon's Transportation Planning Rule (TPR) amendments require local governments to reduce reliance on single-occupant vehicles. Properties near Oregon's TriMet MAX light rail system benefit from:
AReduced property taxes
BTransit-oriented development (TOD) zoning allowing higher density development near light rail stations✓ Correct
CExempt status from urban growth boundary restrictions
DMandatory commercial use at grade level
Explanation
Oregon's planning system encourages transit-oriented development (TOD) around light rail and high-frequency transit stations. TOD zoning allows higher density, mixed-use development near transit, reducing car dependence and supporting ridership.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
1031 ExchangeA tax-deferred exchange allowing investors to sell one investment property and reinvest proceeds in a like-kind property while deferring capital gains taxes.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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