Oregon Statutes 307.684 – Immediate termination of exemption; additional taxes
(1) If, after application has been approved under ORS § 307.674, the county assessor discovers that the single-unit housing or a portion of the single-unit housing is changed to a use that is other than single-unit housing:
Terms Used In Oregon Statutes 307.684
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(a) The exemption granted the single-unit housing or portion under ORS § 307.651 to 307.687 shall terminate immediately, without right of notice or appeal;
(b) The property or portion shall be assessed and taxed as other property similarly situated is assessed and taxed; and
(c) Notwithstanding ORS § 311.235, there shall be added to the general property tax roll for the tax year next following the discovery, to be collected and distributed in the same manner as other real property tax, an amount equal to the difference between the amount of tax due on the property and the amount of the tax that would have been due on the property had it not been exempt under ORS § 307.651 to 307.687 for each of the years, not to exceed the last 10 years, during which the property was exempt from taxation under ORS § 307.651 to 307.687.
(2) If, at the time of discovery, the property is no longer exempt, additional taxes shall be imposed as provided in this section, but the number of years that would otherwise be used to compute the additional taxes shall be reduced by one year for each year that has elapsed since the year the property was last granted exemption.
(3) The assessment and tax rolls shall show potential additional tax liability for each property granted exemption under ORS § 307.651 to 307.687.
(4) Additional taxes collected under this section shall be deemed to have been imposed in the year to which the additional taxes relate. [Formerly 458.050]