ORS 358.515 Disqualification for classification and special assessment; notice

Property that has been classified and specially assessed as historic property under ORS 358.480 to 358.545 remains classified and specially assessed until it is disqualified for classification and special assessment by:

Expiration of the 10-year period of special assessment.

Sale or transfer to a governmental or nonprofit entity that is exempt from ad valorem property taxation.

Destruction or alteration by acts of nature or other events for which the owner is not responsible.

Written notice by the owner to the county assessor to discontinue the special assessment.

The owner’s failure to:

Maintain, preserve or rehabilitate the historic property;

Comply with the expenditure commitment under the preservation plan as required under ORS 358.487 (2)(a); or

Comply with the historic rehabilitation standards.

The owner’s failure to submit required reports.

Failure of the property to be listed in the National Register of Historic Places, either individually or as a contributing resource, within two years following classification as required under ORS 358.487 (4)(c).

The owner’s failure to obtain or to maintain the property insurance required under ORS 358.487 (2)(d).

The owner’s demolition of the historic property.

The owner’s alteration of the historic property in a way that does not meet the historic rehabilitation standards.

The property ceasing to be commercial property.

When the historic property or any portion of the property ceases to be eligible for classification and special assessment as historic property for any reason, the owner shall notify the county assessor and the State Historic Preservation Officer of the change before the next assessment date.

The State Historic Preservation Officer shall make the final determination of whether historic property is disqualified for special assessment under ORS 358.480 to 358.545.

Except in the circumstances described in subsection (1)(a) of this section, disqualification does not constitute completion of a 10-year period of special assessment under ORS 358.480 to 358.545 or preclude the property’s future special assessment under ORS 358.480 to 358.545.

Upon expiration under subsection (1)(a) of this section of a 10-year period of special assessment, the State Historic Preservation Officer shall notify the owner, the governing body and the county assessor that the term has expired.

358.515. (1) When property has once been classified and assessed as historic property pursuant to application filed under ORS 358.487, it remains classified and is granted the special assessment provided by ORS 358.505 until it becomes disqualified for classification and special assessment by:

Expiration of an initial or second 10-year period of special assessment.

Sale or transfer to a governmental or nonprofit entity that is exempt from property taxation.

The destruction or substantial alteration of the property by acts of nature or other events for which the owner is not responsible.

Initial sale of a condominium as provided in ORS 358.543 (3)(b).

Written notice by the taxpayer to the assessor to remove the special assessment.

The owner’s failure to maintain, preserve or rehabilitate the property or to comply with the expenditure commitment in accordance with the preservation plan or the historic rehabilitation standards.

The owner’s failure to submit required reports.

Failure of the property to be listed in the National Register of Historic Places either individually or as a contributing resource in a listed historic district or property within two years of certification as required under ORS 358.487 (4)(b).

The owner’s failure to obtain, or the lapse of, the property insurance required under ORS 358.487 (2)(d).

The owner’s demolition of the property.

The owner’s substantial alteration of the property in a way that does not meet the historic rehabilitation standards.

When, for any reason, the property or any portion ceases to qualify as historic property, the owner at the time of change shall notify the assessor and the State Historic Preservation Officer of the change prior to the next January 1 assessment date.

The officer makes final determinations of whether historic property is disqualified for special assessment under ORS 358.480 to 358.545.

Except as provided by subsection (1)(a) of this section, disqualification does not constitute completion of a 10-year period of special assessment certified under ORS 358.490 or preclude a property’s future special assessment under ORS 358.480 to 358.545.

The State Historic Preservation Officer shall notify the owner in writing before July 1 of the 10th and final year for which property is certified for special assessment under ORS 358.490 that the special assessment is due to expire and shall outline the options available to the owner upon disqualification upon expiration of an initial or second 10-year period of special assessment, as applicable.

Upon expiration of an initial or second 10-year period of special assessment, the State Historic Preservation Officer shall notify the owner, the governing body and the county assessor that the term has expired.