Section 358.499 - Limitations on classification and special assessment as historic property(1) Property first classified and specially assessed as historic property for a tax year beginning on or before July 1, 1994, shall continue to be so classified, specially assessed and removed from special assessment as provided under ORS 358.487 to 358.543 as those sections were in existence and in effect on December 31, 1992.(2) Property may be classified and specially assessed under ORS 358.487 to 358.543 pursuant to application filed under ORS 358.487 on or after September 9, 1995, and first applicable for the tax year 1996-1997 or any tax year thereafter.(3) Property may not be classified and specially assessed pursuant to application filed under ORS 358.487 or 358.540 if the application is filed on or after July 1, 2024, for property tax years beginning on or after July 1, 2025.Amended by 2019 Ch. 579, § 39, eff. 9/29/2019.1995 c.693 §19; 2001 c.540 §7; 2009 c. 892, § 18 358.499 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 358 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
Section 2, chapter 50, Oregon Laws 2022, provides:
Sec. 2. Notwithstanding ORS 358.499 (3), property that was granted special assessment as historic property under ORS 358.480 to 358.545 for any property tax year beginning before July 1, 2025, shall continue to be specially assessed under the provisions of ORS 358.480 to 358.545, including the period for which the special assessment was granted, in effect as of the date on which the property was granted the first year of the property's current initial or second 10-year period of historic property special assessment. [2022 c. 50, § 2]