2011 ORS § 307.535¹
Extension of deadline for completion
  • exception to imposition of additional taxes

Notwithstanding any provision of ORS 307.515 (Definitions for ORS 307.515 to 307.523) to 307.523 (Time for filing application):

(1) If the governing body finds that construction of the housing unit otherwise entitled to exemption under ORS 307.517 (Criteria for exemption) was not completed by January 1, 2020, due to circumstances beyond the control of the owner, and that the owner had been acting and could reasonably be expected to act in good faith and with due diligence, the governing body may extend the deadline for completion of construction for a period not to exceed 12 consecutive months.

(2) If property granted exemption under ORS 307.515 (Definitions for ORS 307.515 to 307.523) to 307.523 (Time for filing application) is destroyed by fire or act of God, or is otherwise no longer capable of owner-occupancy due to circumstances beyond the control of the owner, the exemption shall cease but no additional taxes shall be imposed upon the property under ORS 307.531 (Termination of exemption without notice) or 307.533 (Review). [1989 c.803 §11; 1991 c.459 §68; 1991 c.930 §10; 1997 c.541 §132; 1999 c.487 §3; 2010 c.29 §8]