Oregon § 307.677 Extension of construction period; effect of destruction of property

Oregon Statutes

§ 307.677 — Extension of construction period; effect of destruction of property

Oregon § 307.677

Vol.8

Title 29Revenue and Taxation

Ch. 307Property Subject to Taxation; Exemptions

This text of Oregon § 307.677 (Extension of construction period; effect of destruction of property) 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. § 307.677 (2026).

Text

Notwithstanding ORS 307.651 to 307.687:

(1)If the city finds that construction of single-unit housing was not completed in accordance with ORS 307.651 (4)(b), the city may extend the deadline for completion of construction for a period not to exceed an additional 24 consecutive months if the city further finds that:

(a)The failure to complete construction was due to circumstances beyond the control of the owner; and

(b)The owner had been acting and could reasonably be expected to act in good faith and with due diligence.

(2)If property granted exemption under ORS 307.651 to 307.687 is destroyed by fire or act of God, or is otherwise no longer capable of occupancy due to circumstances beyond the control of the owner, the exemption shall cease but no additional taxes or penalty shall be

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Notwithstanding ORS 307.651 to 307.687:
(1) If the city finds that construction of single-unit housing was not completed in accordance with ORS 307.651 (4)(b), the city may extend the deadline for completion of construction for a period not to exceed an additional 24 consecutive months if the city further finds that:
(a) The failure to complete construction was due to circumstances beyond the control of the owner; and
(b) The owner had been acting and could reasonably be expected to act in good faith and with due diligence.
(2) If property granted exemption under ORS 307.651 to 307.687 is destroyed by fire or act of God, or is otherwise no longer capable of occupancy due to circumstances beyond the control of the owner, the exemption shall cease but no additional taxes or penalty shall be imposed under ORS 307.651 to 307.687 upon the property.