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Current as of January 01, 2023 | Updated by FindLaw Staff
(1) As used in this section, “alternative energy system” means property consisting of solar, geothermal, wind, water, fuel cell or methane gas energy systems for the purpose of heating, cooling or generating electricity.
(2) An alternative energy system is exempt from ad valorem property taxation if the system is:
(a) A net metering facility, as defined in ORS 757.300; or
(b) Primarily designed to offset onsite electricity use.
(3) Notwithstanding ORS 307.110 and 308.505 to 308.681, any portion of the real property to which an alternative energy system is affixed is exempt under this section if:
(a) The real property is otherwise exempt from ad valorem property taxation; and
(b) The alternative energy system is exempt under this section.
(4) Property equipped with an alternative energy system is exempt from ad valorem property taxation in an amount that equals any positive amount obtained by subtracting the real market value of the property as if it were not equipped with an alternative energy system from the real market value of the property as equipped with the alternative energy system.
Cite this article: FindLaw.com - Oregon Revised Statutes Revenue and Taxation § 307.175 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-29-revenue-and-taxation/or-rev-st-sect-307-175/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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