Section 308.800
[1981 c.720 §10; renumbered 308A.374 in 1999]
Section 308.655 – Rules and regulations.
The Department of Revenue may prescribe directions, rules and regulations to be followed in answering any requirement of ORS 308.505 to 308.674. [Amended by 1997 c.154 §43]
Section 308.665 – Railroad car exemption.
(1) During the period of time described in subsection (3) of this section, railroad cars owned by private car companies undergoing major work including remodeling, renovation, conversion or repairs shall be exempt from taxation. (2) For purposes of this section, the term “major work” shall include all remodeling, renovation, conversion, reconversion or repairs to a […]
Section 308.671 – Elective exemption of certain communication-related property.
(1) A company described in ORS 308.515 (1) that owns, leases or uses property listed in subsection (2) of this section may elect property described in one paragraph of subsection (2) of this section to be exempt from ad valorem property taxation. (2) The property referred to in subsection (1) of this section consists of: […]
Section 308.674 – Exemption equal to difference between real market value of company’s centrally assessable property and 130 percent of cost of company’s centrally assessable real and tangible personal property; limitations; exclusivity.
(1) The property of a company described in ORS 308.515 (1) shall be granted an exemption in the amount of the positive value, if any, obtained by subtracting from the real market value of the company’s real property and tangible and intangible personal property included in the unit subject to central assessment, reduced by the […]
Section 308.701 – Definitions for ORS 308.701 to 308.724.
As used in ORS 308.701 to 308.724: (1) “Government restriction on use” means a restriction that limits the use of multiunit rental housing to qualified income rental housing in order to receive a government incentive, including but not limited to the following government incentives: (a) A low income housing tax credit under section 42 of […]
Section 308.704 – Option of owner to choose special assessment.
An owner of multiunit rental housing that is subject to a government restriction on use may choose, at the discretion of the owner, to have the multiunit rental housing assessed under the special assessment provided in ORS 308.707 or may choose to have the multiunit rental housing assessed under the ordinary methods of assessing property […]
Section 308.707 – Valuation of multiunit rental property subject to special assessment.
(1) The specially assessed value, maximum assessed value and assessed value of multiunit rental housing shall be determined under this section if: (a) The property is subject to a government restriction on use; and (b) The owner of the property has filed an application for special assessment under ORS 308.709 and that application has been […]
Section 308.709 – Application procedure; due dates; late filing; fee; assessor determination; appeals.
(1) An owner of multiunit rental housing seeking to have the property assessed under ORS 308.707 must file a written application under this section. (2) Except as provided in subsection (3) of this section, an application, and an election form as described in ORS 308.712, must be filed with the county assessor on or before […]
Section 308.712 – Methods to determine specially assessed value; election by owner; procedure; rules; fee.
(1) The owner of multiunit rental housing that is subject to a government restriction on use and that is to be assessed under ORS 308.707 must elect the method by which the specially assessed value of the property is to be determined. The property owner must elect one of the following methods to determine the […]