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Construction in Progress

The criteria to be eligible for assessment cancellation.

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

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