Oregon provides an exemption for qualified commercial construction projects in progress as of January 1st.

To be eligible for assessment cancellation, a project must meet the follow criteria:

  • New building or addition to an existing building
  • Is in process of construction on January 1st
  • Is not in use or occupied on January 1st
  • Is being constructed to produce income
  • The length of project must be greater than one year from the date construction began

Application: Application for Cancellation of Assessment

Statute: ORS 307.330