Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 307 - PROPERTY SUBJECT TO TAXATION
Section 150-307-0800 - Vertical Housing Development Zone Program
Current through Register Vol. 63, No. 9, September 1, 2024
(1) "Residential use" means regular, sustained occupancy of a residential unit in the project by a person or family as the person's or family's primary domicile, but not units and related areas used primarily as:
(2) A new district that forms after the approval of a vertical housing development zone (VHDZ), or a district that annexes territory that is included in an existing VHDZ may opt out of participating in a VHDZ. To opt out, the district must provide:
(3) In the application for exemption under ORS 307.857, proposed projects must be described in terms of entire tax lots. Certified projects may not include partial tax lots.
(4) VHDZ boundaries may not overlap. A project may only be located in one VHDZ.
Statutory/Other Authority: ORS 305.100
Statutes/Other Implemented: ORS 307.841 - 307.867