Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 308 - ASSESSMENT OF PROPERTY FOR TAXATION
Section 150-308-0130 - Definitions
Universal Citation: OR Admin Rules 150-308-0130
Current through Register Vol. 63, No. 9, September 1, 2024
(1) For purposes of ORS 308.149:
(a) "New construction" means any new
structure, building, addition or improvement to the land, including site
development.
(b) "Reconstruction"
means to rebuild or replace an existing structure with one of comparable
utility.
(c) "Major addition" means
an addition that:
(i) has a real market value
over the threshold for minor construction in any assessment year established
under ORS 308.149; and
(ii) adds square footage to an existing
structure.
(d)
"Remodeling" means a type of renovation that changes the basic plan, form or
style of the property.
(e)
"Renovation" means the process by which older structures or historic buildings
are modernized, remodeled or restored.
(f) "Rehabilitation" means to restore to a
former condition without changing the basic plan, form or style of the
structure.
(2)
(a) For purposes of ORS
308.149"general ongoing
maintenance and repair" means activity that:
(A) Preserves the condition of existing
improvements without significantly changing design or materials and achieves an
average useful life that is typical of the type and quality so the property
continues to perform and function efficiently;
(B) Does not create new structures, additions
to existing real property improvements or replacement of real or personal
property machinery and equipment;
(C) Does not affect a sufficient portion of
the improvements to qualify as new construction, reconstruction, major
additions, remodeling, renovation or rehabilitation; and
(D) For income producing properties is part
of a regularly scheduled maintenance program.
(b) Regardless of cost, the value of general
ongoing maintenance and repairs may not be included as additions for the
calculation of maximum assessed value.
Statutory/Other Authority: ORS 305.100
Statutes/Other Implemented: ORS 308.149
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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