2021 Oregon Revised Statutes
Chapter 310 - Property Tax Rates and Amounts; Tax Limitations; Tax Reduction Programs
Section 310.160 - Unit of property; description for purposes of determining if amount of taxes exceeds 1990 Measure 5 limits.

(2) In the case of real property that is specially assessed under ORS 308A.107, 308A.256, 308A.315, 321.257 to 321.390 or 358.480 to 358.545 or any other law, or partially exempt from tax under ORS 307.250 or 307.370 or any other law, the unit of property shall consist of all components of land and improvements in a single operating unit.
(3) In the case of timeshare properties, the unit of property shall consist of all real property components associated with all timeshare property within a timeshare plan as described in ORS 94.808.
(4) In the case of personal property that is not part of an operating unit consisting of both real and personal property, the unit of property shall consist of all items of personal property identified in a single property tax account.
(5) In the case of land upon which an improvement is located, and the land and the improvement are owned by different persons, if the land and improvements are a single operating unit, the unit of property shall consist of the entire improved parcel. [1991 c.459 §215; 1993 c.801 §37a; 1999 c.314 §64; 2001 c.540 §20; 2019 c.320 §1]

Structure 2021 Oregon Revised Statutes