Or. Admin. R. 150-308-0245 - Partial Exemptions and Special Assessments of Land
Example 1: There is a one-story building of which a part
representing 80 percent of total value is under exemption and the remaining
part is taxable and consists of
Example 2: There is a two-story building which occupies a 100'
x 100' lot in its entirety. The first story is under exemption, and the value
carried on the roll represents 60 percent of the total improvement value. The
second story, valued at market, represents 40 percent of the total improvement
value. The value of the
Example 3: Assume a parcel that measures 200' by 200', a
building measuring 100' x 100', paved parking measuring 100' x 100', and
unimproved
Example 4: There is a building measuring 100' x 100' located on one-fourth of a 200' x 200' lot. The remaining portion of the lot is a parking area. The taxable portion of the building rents or leases a 100' x 100' parking area and has exclusive use. The remaining 100' x 200' area of the lot is exempted only to the extent it is used as a parking area for the exempt entity. If 100' x 100' of this 100' x 200' parking area is used for parking and the remainder is held by the exempt entity for future expansion, the area held for expansion is fully taxable.
Notes
Statutory/Other Authority: ORS 305.100 & 308.205
Statutes/Other Implemented: ORS 308.205
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