Section 307.594 - Approval or rejection of application; appeals; notice to assessor; continuation under new ownership(1) Within 60 days after receiving an application submitted under ORS 307.592, the adopting jurisdiction shall determine whether the property to which the application relates is eligible property located within the boundaries of the city or county and whether the application complies with the adopting jurisdiction's exemption law and ORS 307.590 to 307.596.(2)(a)(A) If the adopting jurisdiction determines that the property or application does not meet all the requirements described in subsection (1) of this section, the application shall be rejected and the applicant shall be notified of the decision and the reasons for the decision.(B) Any person aggrieved by the denial of an application for exemption under this section may appeal to the Oregon Tax Court in the manner provided under ORS 305.404 to 305.560.(b) If the adopting jurisdiction determines that the property and application meet all the requirements described in subsection (1) of this section, the adopting jurisdiction shall, as soon as practicable: (A) Approve the application and notify the applicant of its decision; and(B) File notice of the approval, and any additional information required under the exemption law or ORS 307.590 to 307.596, with the assessor of the county in which the eligible property is located.(3) For each property tax year that eligible property is granted exemption, the county assessor shall enter on the assessment and tax roll that the eligible property is subject to potential additional taxes as provided under ORS 307.596, by adding the notation "potential additional taxes."(4) If eligible property is transferred to new ownership within the five-year period of the exemption, the exemption may continue for the remaining number of years granted if:(a) The property continues to qualify as eligible property; and(b) Timely applications are filed under ORS 307.592.Added by 2023 Ch. 583, § 3