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 […]
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 […]
(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 […]
(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 […]
(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 […]
(1) An owner of property assessed under ORS 308.707 must notify the county assessor if: (a) The property is no longer multiunit rental housing that is subject to a government restriction on use; (b) New property is constructed at the location of the multiunit rental housing, or new improvements are made to the multiunit rental […]
ORS 306.353 to 306.359 do not apply to ORS 308.701 to 308.724. [2001 c.605 §8]
The Department of Revenue shall prescribe rules implementing the provisions of ORS 308.712 (1)(a). The department may prescribe any other rules necessary to administer the provisions of ORS 308.701 to 308.724, including rules establishing one or more alternative methods for determining the specially assessed value of multiunit rental housing under ORS 308.712 (1)(c). [2001 c.605 […]
[1971 c.493 §2; 1991 c.459 §162; 1997 c.541 §218; renumbered 308A.300 in 1999]
[1971 c.493 §1; renumbered 308A.303 in 1999]
[1971 c.493 §3; 1991 c.459 §163; 1997 c.541 §219; renumbered 308A.306 in 1999]
[1971 c.493 §4; 1999 c.503 §4; renumbered 308A.309 in 1999]
[1971 c.493 §5; 1991 c.459 §164; renumbered 308A.312 in 1999]
[1971 c.493 §6; 1991 c.459 §165; 1997 c.541 §219a; renumbered 308A.315 in 1999]
[1971 c.493 §7; 1991 c.459 §166; 1997 c.541 §220; renumbered 308A.318 in 1999]
[1971 c.493 §8; renumbered 308A.321 in 1999]
[1971 c.493 §9; 1979 c.350 §9; renumbered 308A.324 in 1999]
[1971 c.493 §10; renumbered 308A.327 in 1999]
[1971 c.493 §11; renumbered 308A.330 in 1999]
[1981 c.720 §3; 1999 c.21 §21; renumbered 308A.350 in 1999]
