Oregon § 307.218 County assessor to determine estimated incremental increase in property taxes of eligible housing project property; fire districts made whole; notice to sponsoring jurisdictions

Oregon Statutes

§ 307.218 — County assessor to determine estimated incremental increase in property taxes of eligible housing project property; fire districts made whole; notice to sponsoring jurisdictions

Oregon § 307.218

Vol.8

Title 29Revenue and Taxation

Ch. 307Property Subject to Taxation; Exemptions

This text of Oregon § 307.218 (County assessor to determine estimated incremental increase in property taxes of eligible housing project property; fire districts made whole; notice to sponsoring jurisdictions) 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. § 307.218 (2026).

Text

(1)Upon request of the sponsoring jurisdiction under ORS 307.216, the assessor of the county in which is located the eligible housing project to which an application being reviewed under ORS 307.216 relates shall:

(a)Using the last certified assessment roll for the property tax year in which the application is received under ORS 307.216:

(A)Determine the amount of property taxes assessed against all tax accounts that include the eligible housing project property; and

(B)Subtract the amount of operating taxes as defined in ORS 310.055 and local option taxes as defined in ORS 310.202 levied by fire districts from the amount determined under subparagraph (A) of this paragraph.

(b)For the first property tax year for which the completed eligible housing project property is estimated to be

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(1) Upon request of the sponsoring jurisdiction under ORS 307.216, the assessor of the county in which is located the eligible housing project to which an application being reviewed under ORS 307.216 relates shall:
(a) Using the last certified assessment roll for the property tax year in which the application is received under ORS 307.216:
(A) Determine the amount of property taxes assessed against all tax accounts that include the eligible housing project property; and
(B) Subtract the amount of operating taxes as defined in ORS 310.055 and local option taxes as defined in ORS 310.202 levied by fire districts from the amount determined under subparagraph (A) of this paragraph.
(b) For the first property tax year for which the completed eligible housing project property is estimated to be taken into account:
(A) Determine the estimated amount of property taxes that will be assessed against all tax accounts that include the eligible housing project property; and
(B) Subtract the estimated amount of operating taxes and local option taxes levied by fire districts from the estimated amount determined under subparagraph (A) of this paragraph.
(c) Determine the amount of the increment that results from subtracting the amount determined under subsection (1)(a) of this section from the estimated amount determined under subsection (1)(b) of this section.
(2) As soon as practicable after determining the increment under this section, the county tax officers shall provide written notice of the increment to the sponsoring jurisdiction.