Oregon Code § 223.114·Enacted ·Last updated March 01, 2026
Statute Text
Economic improvement; assessment ordinance.
(1) A council may enact an ordinance establishing a
procedure to be followed by the city in making assessments for the cost of an
economic improvement upon the lots which are specially benefited by all or part
of the improvement.
(2) In any
ordinance adopted under subsection (1) of this section, a city shall not be
authorized to:
(a) Levy
assessments in an economic improvement district in any year that exceed one
percent of the real market value of all the real property located within the
district.
(b) Include
within an economic improvement district any area of the city that is not zoned
for commercial or industrial use.
(c) Levy
assessments on residential real property or any portion of a structure used for
residential purposes. [1985 c.576 §2; 1989 c.1018 §3; 1991 c.459 §350; 1991
c.902 §5]