Oregon Statutes - Chapter 307 - Property Subject to Taxation; Exemptions - Section 307.245 - Denial of exemption for failure of corporation to reflect exemption by rent reduction.

The funded property tax exemption granted under ORS 307.241 to 307.245 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. [1977 c.411 §5; 2005 c.94 §33]

(War Veterans, Surviving Spouses and Dependent Children)

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Last modified: August 7, 2008