Oregon Code § 311.865·Enacted ·Last updated March 01, 2026
Statute Text
Exemption; amount; termination.
There shall be exempt from the levy of the taxing unit that is the party to an
agreement entered into under ORS 311.860 for each tax year indicated in the
agreement, the percentage amount of real market value, allocable to or within
the taxing unit, of the facility specified in the agreement for that tax year.
The assessor shall modify the amount of the exemption or terminate the
exemption at such time as the assessor determines that the monetary value of
the exemption has equaled the amount of moneys paid by the facility under the
agreement plus interest. [1975 c.563 §4; 1991 c.459 §263]