1. (1) Upon discovering that a certified business no longer qualifies for the property exemption under ORS 285C.409, the assessor must give written notice of exemption disqualification.

2. (2) The notice must include:

   1. (a) A statement that the property is disqualified from the exemption for the following tax year,
   2. (b) A statement explaining the reason for the disqualification,
   3. (c) A calculation of the additional tax liability, and
   4. (d) A statement that the additional tax liability will be added to the next general property tax roll.
3. (3) The additional tax liability must equal the taxes that would otherwise have been assessed against the disqualified property for each of the tax years the property was exempt under ORS 285C.409.

Statutory/Other Authority

ORS 305.100 & 285C.125

Statutes/Other Implemented

ORS 285C.420

History

Renumbered from 150-285C.420, REV 21-2016, f. 8-10-16, cert. ef. 9-1-16
Renumbered from 150-OL 1997, Ch 835, sec. 39, REV 12-2004, f. 12-29-04, cert. ef. 12-31-04
REV 8-2000, f. & cert. ef. 8-3-00