(1)For purposes of ORS 308.149 (Definitions for ORS 308.149 to 308.166):
(a)“New construction” means any new structure, building, addition or improvement to the land, including site development.
(b)“Reconstruction” means to rebuild or replace an existing structure with one of comparable utility.
(c)“Major addition” means an addition that has a real market value over $10,000 and adds square footage to an existing structure.
(d)“Remodeling” means a type of renovation that changes the basic plan, form or style of the property.
(e)“Renovation” means the process by which older structures or historic buildings are modernized, remodeled or restored.
(f)“Rehabilitation” means to restore to a former condition without changing the basic plan, form or style of the structure.
(2)Intentionally left blank —Ed.
(a)For purposes of ORS 308.149 (Definitions for ORS 308.149 to 308.166) “general ongoing maintenance and repair” means activity that:
(A)Preserves the condition of existing improvements without significantly changing design or materials and achieves an average useful life that is typical of the type and quality so the property continues to perform and function efficiently;
(B)Does not create new structures, additions to existing real property improvements or replacement of real or personal property machinery and equipment;
(C)Does not affect a sufficient portion of the improvements to qualify as new construction, reconstruction, major additions, remodeling, renovation or rehabilitation; and
(D)For income producing properties is part of a regularly scheduled maintenance program.
(b)Regardless of cost, the value of general ongoing maintenance and repairs may not be included as additions for the calculation of maximum assessed value.
Rule 150-308-0130 — Definitions,