Or. Admin. Code § 123-674-5400

Current through Register Vol. 63, No. 11, November 1, 2024

Section 123-674-5400 - Property Already Entered on Rolls

(1) Other than the qualifying value consistent with OAR 123-674-5300(4) or (5) of later additions or modifications, property already entered on the assessment roll of the county before the effective date of the zone's designation or amendment of the property's location into the zone is not qualified property and may not receive exemption under ORS 285C.170 and 285C.175, in accordance with OAR 123-674-5050.

(2) Property that is assessed in the county after the zone's designation or amendment may qualify and be exempted under certain circumstances, including but not limited to the following examples, which might occur in combination:

(a) Assessment occurred while in the process of re/construction, modification or installation, and the taxpayer was not allowed to file or simply did not apply in a timely or acceptable fashion under ORS 285C.170 or 307.330 and 307.340.

(b) While an administrative or judicial appeal is pending the property is assessed.

(c) The authorized business firm misses the first-year filing deadline but receives the remaining years of the exemption as described in OAR 123-674-6100(5)(b).

(d) A building or structure acquired from an unrelated third party and authorized as described in OAR 123-674-2100(4) (provided, of course, that the building, structure, the applicable portion of it, or an improvement to it was not in use or occupancy for more than a year preceding the first year of exemption).

(e) As permitted by OAR 123-674-5200(2), property:

(A) Located elsewhere in the county was newly purchased and subsequently installed in the enterprise zone; or

(B) Was introduced to the county less than six months preceding Application, but an assessment date occurred prior to its being exempted.

Or. Admin. Code § 123-674-5400

OBDD 27-2010, f. & cert. ef. 6-14-10; OBDD 14-2016, f. & cert. ef. 9/16/2016; OBDD 8-2020, amend filed 08/12/2020, effective 8/12/2020; OBDD 14-2024, amend filed 06/10/2024, effective 6/10/2024; OBDD 38-2024, minor correction filed 10/17/2024, effective 10/17/2024

Statutory/Other Authority: ORS 285A.075 & 285C.060(1)

Statutes/Other Implemented: ORS 285C.170, 285C.175, 285C.180 & 285C.220