Property held under lease, sublease or lease-purchase by institution, organization or public body other than state
Source:
Section 307.112 — Property held under lease, sublease or lease-purchase by institution, organization or public body other than state, https://www.oregonlegislature.gov/bills_laws/ors/ors307.html.
Notes of Decisions
Where plaintiff claimed exemption from property tax for leased property under ORS 307.166 and this statute, court refused to limit operation of one statute in order to give effect to other and plaintiff’s motion for summary judgment was granted. Mercy Health Promotion v. Dept. of Rev., 11 OTR 207 (1989), aff’d 310 Or 123, 795 P2d 1082 (1990)
Incorporation of leased property into real property of charitable organization did not make exemption applied for under 307.130 applicable to leased property. Garten Foundation v. Dept. of Rev., 12 OTR 554 (1993)
For purpose of determining when lease was entered into, where lease specifically recites date on which it was entered into, that date controls over date of execution, date of signing, date lessee took possession, effective date and date first rent was due. Multnomah County v. Dept. of Revenue, 13 OTR 384 (1995)
Exemption of property is lost where sublease occurs and no application for exemption is filed by sublessee. Erickson v. Dept. of Revenue, 17 OTR 324 (2004)
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