The City of Portland has implemented a new rule that requires all owners of residential rental property within the city to register the address or each rental. The new Schedule R must be filed each year. There is currently no fee associated with the registration.
This new report is required even if you meet one of the exemptions from the business license fee.
When we are preparing your income tax return this year, we will also prepare the Schedule R. We would appreciate your help in identifying the affected properties!
Here is a link to the City of Portland website where you can read more about the requirements:
If you are uncertain whether your property is within the city limits, you can look up the property using this took. If “Portland” is listed as a “Jurisdiction” then it would need to be listed.