Oregon § 308.714 Disqualification; notification requirements; penalties; rules; reapplication; new property or new improvements

Oregon Statutes

§ 308.714 — Disqualification; notification requirements; penalties; rules; reapplication; new property or new improvements

Oregon § 308.714

Vol.8

Title 29Revenue and Taxation

Ch. 308Assessment of Property for Taxation

This text of Oregon § 308.714 (Disqualification; notification requirements; penalties; rules; reapplication; new property or new improvements) 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. § 308.714 (2026).

Text

(1)An owner of property assessed under ORS 308.707 must notify the county assessor if:

(a)The property is no longer multiunit rental housing that is subject to a government restriction on use;

(b)New property is constructed at the location of the multiunit rental housing, or new improvements are made to the multiunit rental housing;

(c)An event described in ORS 308.146 (3)(b) or (c) occurs with respect to the multiunit rental housing; or

(d)The owner chooses not to have the property assessed under ORS 308.707.

(2)The notification must be made within 60 days following the date on which the circumstance described in subsection (1) of this section occurred.

(3)The notification must be made in writing and must indicate the date on which the circumstance described in subsection (1) of th

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(1) An owner of property assessed under ORS 308.707 must notify the county assessor if:
(a) The property is no longer multiunit rental housing that is subject to a government restriction on use;
(b) New property is constructed at the location of the multiunit rental housing, or new improvements are made to the multiunit rental housing;
(c) An event described in ORS 308.146 (3)(b) or (c) occurs with respect to the multiunit rental housing; or
(d) The owner chooses not to have the property assessed under ORS 308.707.
(2) The notification must be made within 60 days following the date on which the circumstance described in subsection (1) of this section occurred.
(3) The notification must be made in writing and must indicate the date on which the circumstance described in subsection (1) of this section occurred.
(4) The Department of Revenue may by rule prescribe penalties to be imposed on a property owner if notification is not made as required by subsections (1) to (3) of this section.
(5)(a) Property shall be disqualified from special assessment under ORS 308.707 as of the tax year immediately following any change, event or choice described in subsection (1)(a), (c) or (d) of this section.
(b) Following disqualification for any change or event described in subsection (1)(a) or (c) of this section, a property owner may apply for special assessment pursuant to ORS 308.709.
(c) Following disqualification for a choice described in subsection (1)(d) of this section, a property owner may reapply only once for special assessment pursuant to ORS 308.709 within the 10-year period following the year in which the property was first qualified for special assessment. An owner may not reapply for special assessment pursuant to ORS 308.709 after the end of that 10-year period.
(6) New property constructed at the location of the multiunit rental housing or new improvements made to the multiunit rental housing may qualify for special assessment under ORS 308.707 only if the property owner files an application under ORS 308.709 in the time and manner prescribed by ORS 308.709. Notwithstanding ORS 308.712, the new property or new improvements, if otherwise qualified for special assessment, must be specially assessed using the method elected by the property owner for the existing multiunit rental housing.
(7) As used in this section, “new property or new improvements” has the meaning given that term in ORS 308.149.