An owner of multiunit rental housing that is subject to a government restriction on use may choose, at the discretion of the owner, to have the multiunit rental housing assessed under the special assessment provided in ORS 308.707 or may choose to have the multiunit rental housing assessed under the ordinary methods of assessing property in this state. Multiunit rental housing that is subject to a government restriction on use is not required to be assessed under the special assessment provided in ORS 308.707.
ORS 308.704
Applied in 1 court decision — leading case Dept. of Rev. v. Butte Creek Associates I (2006)
Most recently applied in Dept. of Rev. v. Butte Creek Associates I (July 2006)
2001 c.605 §3
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.