Oregon Statutes 308A.122 – Effect of requalification on potential additional taxes
If during the period specified in ORS § 308A.119, the farmland again meets the gross income or other requirements of ORS § 308A.071, the owner may apply to the assessor on or before April 1 of the next calendar year, in the manner provided in ORS § 308A.077, for farm use special assessment. If satisfied that the requirements of ORS § 308A.071 have been met, the assessor shall restore farm use special assessment to the land. The potential additional taxes for all years not already abated under ORS § 308A.119 shall continue as a potential liability against the land under ORS § 308A.119 and 308A.706, except that each oldest year of potential liability shall abate as the total of all other years of potential additional tax liability for prior years reaches five. [Formerly 308.406]
