Oregon § 198.882 Tax relief to withdrawn area; conditions for relief; ultimate liability

Oregon Statutes

§ 198.882 — Tax relief to withdrawn area; conditions for relief; ultimate liability

Oregon § 198.882

Vol.5

Title 19Miscellaneous Matters Related to Government and Public Affairs

Ch. 198Special Districts Generally

This text of Oregon § 198.882 (Tax relief to withdrawn area; conditions for relief; ultimate liability) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 198.882 (2026).

Text

(1)The governing body of a district shall relieve an area withdrawn from the district from taxation for its proportionate share of outstanding bonded or other indebtedness if:

(a)No district services have been provided to the withdrawn area; and

(b)The area withdrawn does not exceed five percent of the equalized assessed valuation of the taxable property within the entire district prior to the withdrawal, as certified to the county assessor in the tax year of the withdrawal.

(2)Notwithstanding subsection (1) of this section, if the total unlimited taxing power of the district over the area not withdrawn from the district does not wholly satisfy the bonded or other indebtedness incurred prior to the withdrawal, the withdrawn territory shall be taxed in an amount sufficient to satisfy it

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The governing body of a district shall relieve an area withdrawn from the district from taxation for its proportionate share of outstanding bonded or other indebtedness if:
(a) No district services have been provided to the withdrawn area; and
(b) The area withdrawn does not exceed five percent of the equalized assessed valuation of the taxable property within the entire district prior to the withdrawal, as certified to the county assessor in the tax year of the withdrawal.
(2) Notwithstanding subsection (1) of this section, if the total unlimited taxing power of the district over the area not withdrawn from the district does not wholly satisfy the bonded or other indebtedness incurred prior to the withdrawal, the withdrawn territory shall be taxed in an amount sufficient to satisfy its proportionate share of that indebtedness.