This means that the added amount of taxes is typically small compared to the overall tax bill. Under state regulations, assessors can only consider the added value of the ADU. Building an ADU does not cause the reassessment of your entire property. Property TaxesĬonstruction of an ADU can trigger an increase in property taxes. In most cases, fees can be financed into the loan using both products. Rates are typically lower on a new mortgage, but the fees are typically lower on a HELOC. Option 2 - Use a construction loan based on the projected value of your home after the ADU is completedīoth options can be accomplished by either refinancing the property through a new first position mortgage or using a home equity line of credit (HELOC).There are typically two options offered by most local banks and credit unions that will work. new construction), and the desired level of customization and included amenities. Most ADUs cost anywhere between $60,000 to $200,000, depending on the size, type of construction (retrofit vs. Tigard building code considerations for ADUsįinancing an ADU is often one of the most difficult steps for property owners.Submit for building permits: these permits include building, plumbing, electrical, and mechanical permits.Submit for engineering permits: if applicable, for work in the public right-of-way.Obtain exemptions: If seeking an SDC exemption, review the guidelines and submit an exemption application to the Finance Department. Get an additional address: Address Application.Get land use approval: this step requires the submission of a land use application, a narrative and site map demonstrating compliance with the standards, and a fee.There are five basic steps to getting your ADU permitted by the City of Tigard. Home Businesses: Home businesses with customers coming to the home are prohibited on properties with more than one ADU.Parking: No additional parking is required.Lot coverage is the total square footage of all impermeable surfaces, including buildings, paving, and roofed structures. Lot Coverage: In the R-7 and R-12 zones, the ADU cannot cause the lot coverage to exceed 80%.Setbacks: Setbacks are the same as the main house and vary by zone, with the exception that a detached ADU may be located within 5 feet of a rear property line if it is 15 feet or less in height.The maximum height of an attached ADU is the same as the maximum height of the main house and varies by zone. Height: The maximum height of a detached ADU is 25 feet. Attached ADUs must be smaller than the main house.
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