Chapter 307 — Property Subject to Taxation; Exemptions
ORS 307.651 Definitions for ORS 307.651 to 307.687
“Qualified dwelling unit” means a dwelling unit that, at the time an application is filed pursuant to ORS 307.667, has a market value for the land and improvements of no more than 120 percent, or a lesser percentage as adopted by the governing body by resolution, of the median sales price of dwelling units located within the city.
“Single-unit housing” means a structure having one or more dwelling units that:
Is, or will be, upon purchase, rehabilitation or completion of construction, in conformance with all local plans and planning regulations, including special or district-wide plans developed and adopted pursuant to ORS chapters 195, 196, 197, 197A and 227.
If newly constructed, is completed within two years after application for exemption is approved under ORS 307.674.
Is designed for each dwelling unit within the structure to be purchased by and lived in by one person or one family.
Has one or more qualified dwelling units within the single-unit housing.
“Structure” does not include the land or any site development made to the land, as those terms are defined in ORS 307.010.
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Provenance
2023 Oregon Revised Statutes
Official online edition
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- oregonlegislature.gov
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Version history
Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.
2025 Oregon Revised Statutes — official online source · active · operative text
Official source2023 Oregon Revised Statutes · active · operative text
Official source