Who is affected by Urban Renewal?

Local taxing districts that accept a frozen tax base during the life of the urban renewal. They do this to encourage development. The development will increase property values, and increase future tax income for the districts.

The taxing districts directly impacted are the City of Grants Pass, Josephine County, and the 4H Extension. These districts accept income from a frozen tax base for the life of the urban renewal but do not receive taxes from increases in the assessed value. 

Schools within the urban renewal area are not directly impacted. They are funded through the State School Fund. Property tax revenues are an offset under the statewide school funding formula. Property tax revenues foregone by school districts in the urban renewal area may be replaced with other State School Fund revenues.

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1. How does Urban Renewal work?
2. Who is affected by Urban Renewal?
3. Is Urban Renewal a new tax?
4. Does Urban Renewal show up on my tax bill?