2021 Oregon Revised Statutes
Chapter 307 - Property Subject to Taxation; Exemptions
Section 307.651 - Definitions for ORS 307.651 to 307.687.

(1) "Governing body" means the city legislative body having jurisdiction over the property for which an exemption may be applied for under ORS 307.651 to 307.687.
(2) "Qualified dwelling unit" means a dwelling unit that, at the time an application is filed pursuant to ORS 307.667, has a market value for the land and improvements of no more than 120 percent, or a lesser percentage as adopted by the governing body by resolution, of the median sales price of dwelling units located within the city.
(3) "Single-unit housing" means a structure having one or more dwelling units that:
(a) Is, or will be, upon purchase, rehabilitation or completion of construction, in conformance with all local plans and planning regulations, including special or district-wide plans developed and adopted pursuant to ORS chapters 195, 196, 197 and 227.
(b) If newly constructed, is completed within two years after application for exemption is approved under ORS 307.674.
(c) Is designed for each dwelling unit within the structure to be purchased by and lived in by one person or one family.
(d) Has one or more qualified dwelling units within the single-unit housing.
(e) Is not a floating home, as defined in ORS 830.700, or a manufactured structure, other than a manufactured home described in ORS 197.307 (8)(a) to (f).
(4) "Structure" does not include the land or any site development made to the land, as those terms are defined in ORS 307.010. [Formerly 458.005; 2011 c.354 §8; 2013 c.426 §1; 2017 c.294 §1; 2019 c.585 §22; 2021 c.528 §9]
Note: Section 12, chapter 528, Oregon Laws 2021, provides:
Sec. 12. The amendments to ORS 307.651, 307.677 and 307.681 by sections 9 to 11 of this 2021 Act apply to property for which an application has been approved under ORS 307.674 before, on or after the effective date of this 2021 Act [September 25, 2021]. [2021 c.528 §12]

Structure 2021 Oregon Revised Statutes