Or. Rev. Stat. § 307.245
Denial of exemption for failure to reflect exemption by rent reduction
Oregon · Oregon Revised Statutes Chapter 307 — Property Subject to Taxation; Exemptions · Status: effective
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- Citation
- Or. Rev. Stat. § 307.245, Denial of exemption for failure to reflect exemption by rent reduction, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2493490
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Full text
The funded property tax exemption granted under ORS 307.241 to 307.248 may not be granted in any year following a year for which the corporation has failed to satisfy the county assessor or the Department of Revenue that the exemption granted in the previous year has been reflected by a reduction in the amount of rent that would otherwise be paid for occupancy of the facility by its residents.