2017 ORS 307.612¹
Duration of exemption
  • exclusions

(1) Multiple-unit housing that qualifies for exemption under ORS 307.600 (Legislative findings) to 307.637 (Deadlines for actions required for exemption) may be exempt from ad valorem taxation for no more than 10 successive years. The first year of exemption is the assessment year beginning January 1 immediately following the calendar year in which construction, addition or conversion is completed, determined by that stage in the construction process when, pursuant to ORS 307.330 (Commercial facilities under construction), the improvement would have gone on the tax rolls in the absence of the exemption provided for in ORS 307.600 (Legislative findings) to 307.637 (Deadlines for actions required for exemption) or, in the case of multiple-unit housing that is or becomes subject to a low income housing assistance contract, the application is approved.

(2)(a) The exemption may not include the land or any improvements not a part of the multiple-unit housing.

(b) The exemption may include:

(A) Parking constructed as part of the multiple-unit housing construction, addition or conversion; and

(B) Commercial property to the extent that the commercial property is a required design or public benefit element of a multiple-unit housing construction, addition or conversion approved by an authorizing city or county.

(c) In the case of a structure to which stories or other improvements are added or a structure that is converted in whole or in part from other use to dwelling units, only the increase in value attributable to the addition or conversion may be exempt from taxation.

(3) Notwithstanding subsection (1) of this section, if the multiple-unit housing is or becomes subject to a low income housing assistance contract with an agency or subdivision of this state or the United States, the city or county may extend the exemption provided by ORS 307.600 (Legislative findings) to 307.637 (Deadlines for actions required for exemption) through June 30 of the tax year during which the termination date of the contract falls.

(4)(a) The exemption provided by ORS 307.600 (Legislative findings) to 307.637 (Deadlines for actions required for exemption) is in addition to any other exemption provided by law. However, nothing in ORS 307.600 (Legislative findings) to 307.637 (Deadlines for actions required for exemption) may be construed to exempt any property beyond 100 percent of its real market value.

(b) If property is located within a core area and within a light rail station area or a transit oriented area, or both, and application for exemption under more than one program is made, only the exemption for which application is first made and approved may be granted. If property is granted exemption under ORS 307.600 (Legislative findings) to 307.637 (Deadlines for actions required for exemption) pursuant to an ordinance or resolution adopted by a city, the property may not be granted exemption pursuant to an ordinance or resolution adopted by a county. If property is granted exemption under ORS 307.600 (Legislative findings) to 307.637 (Deadlines for actions required for exemption) pursuant to an ordinance or resolution adopted by a county, the property may not be granted exemption pursuant to an ordinance or resolution adopted by a city. Property may be granted exemption under ORS 307.600 (Legislative findings) to 307.637 (Deadlines for actions required for exemption) only once. [Formerly 307.630; 2011 c.266 §2]

Chapter 307

Atty. Gen. Opinions

Validity of ad valorem and severance taxa­tion of logs destined for export, (1975) Vol 37, p 427; applica­tion of Article XI, sec­tion 11b of Oregon Constitu­tion to this chapter, (1990) Vol 46, p 388

Law Review Cita­tions

5 EL 516 (1975)

1 Legislative Counsel Committee, CHAPTER 307—Property Subject to Taxation; Exemptions, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors307.­html (2017) (last ac­cessed Mar. 30, 2018).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2017, Chapter 307, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano307.­html (2017) (last ac­cessed Mar. 30, 2018).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.