Form 150-310-087 "Application for Real and Personal Property Tax Exemption" - Oregon

What Is Form 150-310-087?

This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on April 1, 2018;
  • The latest edition provided by the Oregon Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form 150-310-087 by clicking the link below or browse more documents and templates provided by the Oregon Department of Revenue.

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Download Form 150-310-087 "Application for Real and Personal Property Tax Exemption" - Oregon

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Application for Real and Personal Property Tax Exemption
For lease, sublease, or lease-purchased property owned by a taxable owner and leased to an exempt public body, institution, or
organization, other than the state of Oregon or the U.S. Government, ORS 307.112.
• The lessee, sublessee, or lease-purchaser of the property must file this form with the county assessor on or before April 1 for the ensuing tax year.
See page 3 of this form for late filing information.
• The applicant is obligated to prove the property meets the requirements for exemption. Include all documents or information that show the exemption
is appropriate.
• See ORS 307.112 on page 3 of this form.
• This form is available online on the Department of Revenue’s website at: www.oregon.gov/dor/forms.
Name of organization
For assessor’s use only
Date received
Account number
Mailing address
Phone
(
)
Late filing fee
Approved
Denied
State
City
ZIP code
$
By ____________________
Lease expiration date
Email
Exemption applies
to tax year 20 _______ – _______
I am claiming a property tax exemption under the following Oregon Revised Statute (mark one box):
c 307.090 Public body
c 307.140 Religious organizations*
(other than state of Oregon or the U.S. government)
c 307.130 Literary, benevolent, charitable, scientific
c 307.145 Child care facilities, schools, student housing*
institutions, volunteer fire departments*
c 307.147 Senior services centers*
c 307.136 Fraternal organizations*
c 307.580 Industry apprenticeship or training trust*
c Other (provide ORS number) _________________________
*You must attach current copies of your organization's Articles of Incorporation, By-Laws, and proof of your status as a non-profit corporation.
Property description
Account number (as shown on owner's property tax statement)
Name of property owner
Physical address (street address, city)
You must attach a list of all real and personal property you are claiming for exemption. Include detailed and complete descriptions of all
property claimed and costs.
Property use
To qualify for this exemption, the lessee, sublessee, or entity in possession of the property must be using the property for their exempt
purposes. Property not used for qualified purposes before July 1 is taxable.
Describe the purpose of this organization:
Describe how you will use the property, such as, church services, offices, classrooms, student housing, etc.:
What is the fee for using the parking
Does the property include a parking area?
$
c Yes
c No
area?
Is any portion of the property you lease
If yes, what is the square footage of the
Yes
No
used by others?
area used by others:
_____________square feet
If yes, explain and identify the area that is used by others:
Lease or sublease
Your lease or sublease must be for a period of at least one year. A month-to-month tenancy or general rental agreement won't qualify for this exemption.
The lease document must state that any tax savings resulting from the exemption shall inure solely to the benefit of the lessee, or the lessee and lessor
must complete the Tax Savings Agreement on page 2. A new application must be filed by the due date if a new lease, sublease, or lease-purchase
agreement or extension or modification to the existing lease, sublease, or lease-purchase agreement is made.
Is property under:
Lease
Sublease
Lease-purchase
Type of lease:
Modified gross
Net
Triple-net
Beginning date: _______________
Expiration date: _______________
Square footage of area leased, subleased, or lease-purchased:____________
You must attach a current signed copy of your lease, sublease, or lease-purchase agreement.
Late fee
If this form is filed after April 1, a late filing fee must accompany the form. See page 3 of this form for late filing information.
Exemption requested for tax years:
A late fee is attached:
Yes
No
Declaration
I declare under the penalties for false swearing [ORS 305.990(4)] that I have examined this document (and attachments) and to the best of my
knowledge they are true, correct, and complete.
Must be signed by the president, proper officer, head official, or authorized delegate of the organization.
Name (print or type)
Title
Phone
Signature
Date
/
/
(
)
X
150-310-087 (Rev. 04-18)
Reset Form
Print Form
Application for Real and Personal Property Tax Exemption
For lease, sublease, or lease-purchased property owned by a taxable owner and leased to an exempt public body, institution, or
organization, other than the state of Oregon or the U.S. Government, ORS 307.112.
• The lessee, sublessee, or lease-purchaser of the property must file this form with the county assessor on or before April 1 for the ensuing tax year.
See page 3 of this form for late filing information.
• The applicant is obligated to prove the property meets the requirements for exemption. Include all documents or information that show the exemption
is appropriate.
• See ORS 307.112 on page 3 of this form.
• This form is available online on the Department of Revenue’s website at: www.oregon.gov/dor/forms.
Name of organization
For assessor’s use only
Date received
Account number
Mailing address
Phone
(
)
Late filing fee
Approved
Denied
State
City
ZIP code
$
By ____________________
Lease expiration date
Email
Exemption applies
to tax year 20 _______ – _______
I am claiming a property tax exemption under the following Oregon Revised Statute (mark one box):
c 307.090 Public body
c 307.140 Religious organizations*
(other than state of Oregon or the U.S. government)
c 307.130 Literary, benevolent, charitable, scientific
c 307.145 Child care facilities, schools, student housing*
institutions, volunteer fire departments*
c 307.147 Senior services centers*
c 307.136 Fraternal organizations*
c 307.580 Industry apprenticeship or training trust*
c Other (provide ORS number) _________________________
*You must attach current copies of your organization's Articles of Incorporation, By-Laws, and proof of your status as a non-profit corporation.
Property description
Account number (as shown on owner's property tax statement)
Name of property owner
Physical address (street address, city)
You must attach a list of all real and personal property you are claiming for exemption. Include detailed and complete descriptions of all
property claimed and costs.
Property use
To qualify for this exemption, the lessee, sublessee, or entity in possession of the property must be using the property for their exempt
purposes. Property not used for qualified purposes before July 1 is taxable.
Describe the purpose of this organization:
Describe how you will use the property, such as, church services, offices, classrooms, student housing, etc.:
What is the fee for using the parking
Does the property include a parking area?
$
c Yes
c No
area?
Is any portion of the property you lease
If yes, what is the square footage of the
Yes
No
used by others?
area used by others:
_____________square feet
If yes, explain and identify the area that is used by others:
Lease or sublease
Your lease or sublease must be for a period of at least one year. A month-to-month tenancy or general rental agreement won't qualify for this exemption.
The lease document must state that any tax savings resulting from the exemption shall inure solely to the benefit of the lessee, or the lessee and lessor
must complete the Tax Savings Agreement on page 2. A new application must be filed by the due date if a new lease, sublease, or lease-purchase
agreement or extension or modification to the existing lease, sublease, or lease-purchase agreement is made.
Is property under:
Lease
Sublease
Lease-purchase
Type of lease:
Modified gross
Net
Triple-net
Beginning date: _______________
Expiration date: _______________
Square footage of area leased, subleased, or lease-purchased:____________
You must attach a current signed copy of your lease, sublease, or lease-purchase agreement.
Late fee
If this form is filed after April 1, a late filing fee must accompany the form. See page 3 of this form for late filing information.
Exemption requested for tax years:
A late fee is attached:
Yes
No
Declaration
I declare under the penalties for false swearing [ORS 305.990(4)] that I have examined this document (and attachments) and to the best of my
knowledge they are true, correct, and complete.
Must be signed by the president, proper officer, head official, or authorized delegate of the organization.
Name (print or type)
Title
Phone
Signature
Date
/
/
(
)
X
150-310-087 (Rev. 04-18)
Tax Savings Agreement
This form may be used as documentary proof under ORS 307.112(3) that the tax savings resulting from an exemption under ORS 307.112 will inure
solely to the benefit of the institution, organization or public body that has been granted the exemption.
Name of lessee
Name of lessor
Property address
The lessor acknowledges that the lessee is applying for exemption on the property described above under provisions of ORS 307.112. If the prop-
erty tax exemption is granted, the lessee and lessor of property described above agree that any savings resulting from the tax exemption shall solely
benefit the lessee.
The tax savings will be passed on to the lessee by (describe the manner in which the lessee will receive the benefit of the tax savings):
Signature of lessee
Signature of lessor
Date
Date
/
/
/
/
150-310-087 (Rev. 04-18)
Oregon Revised Statute (ORS) and Oregon Administrative Rule (OAR)
ORS 307.112. (1) Real or personal property of a taxable owner
OAR 150-307-0060
held under lease, sublease or lease purchase agreement by an
Property Held Under Lease
institution, organization or public body, other than the State of
(1) A new claim must be filed with the county assessor, as
Oregon, or a public university listed in ORS 352.002, granted
required under ORS 307.112(4), when a new lease, new lease-
exemption or the right to claim exemption for any of its property
purchase agreement, extension of current lease, extension of
under ORS 307.090, 307.130, 307.136, 307.140, 307.145, 307.147
current lease-purchase agreement or any modification to the
or 307.181 (3), is exempt from taxation if:
existing lease or lease-purchase agreement is made.
(a) The property is used by the lessee or, if the lessee is not in
(2) The new claim must meet all the requirements of ORS
possession of the property, by the entity in possession of the
307.112.
property, in the manner, if any, required by law for the exemp-
(3) Late filing as provided in ORS 307.162(2) is permitted.
tion of property owned, leased, subleased or being purchased
(4) The State of Oregon and the United States government are
by it; and
not permitted to file a claim for exemption under ORS 307.112.
(b) It is expressly agreed under the terms of the lease, sublease
(5) When used in reference to real property or tangible personal
or lease-purchase agreement that any tax savings resulting from
property, a lease is a contract of at least one year by which the
the exemption granted under this section shall inure solely to
owner of a property grants the rights of possession, use, and
the benefit of the institution, organization or public body.
enjoyment of the property to another for a specified period of
(2) To obtain the exemption under this section, the lessee or, if
time in exchange for payment.
the lessee is not in possession of the property, the entity in pos-
(6) Month-to-month tenancy or a general rental agreement is
session of the property, must file a claim for exemption with
not considered the same as a lease for purposes of an exemption
the county assessor, verified by the oath or affirmation of the
under this statute and will not qualify in an exemption claim.
president or other proper officer of the institution or organiza-
(7) The assessor must be satisfied that the tax savings resulting
tion, or head official of the public body or legally authorized
delegate, showing:
from the exemption will inure solely to the benefit of the lessee.
(a) A complete description of the property for which exemption
(8) Sufficient documentary proof must be submitted at the time
is claimed.
of application. Documentary proof to show the property tax
(b) If applicable, all facts relating to the use of the property by
savings is passed on to the lessee includes:
the lessee or, if the lessee is not in possession of the property,
(a) A form prescribed by the department stating that the lessee
by the entity in possession of the property.
and lessor agree that the tax savings resulting from the exemp-
(c) A true copy of the lease, sublease or lease-purchase agreement
tion will inure solely to the benefit of the lessee;
covering the property for which exemption is claimed.
(A) The form must be signed by the lessor and lessee; and
(d) Any other information required by the claim form.
(B) The form must specify how the tax savings inures to the
(3) If the assessor is not satisfied that the tax savings resulting
lessee.
from the exemption granted under this section will inure solely
(b) Other documentation the county assessor deems necessary
to the benefit of the institution, organization or public body,
to prove that the lessee is receiving the full benefit of the tax
before the exemption may be granted the lessor must provide
savings; or
documentary proof, as specified by rule of the Department of
(c) An agreement under the terms of the lease that any tax
Revenue, that resulting from the exemption will inure solely to
savings resulting from the exemption will inure solely to the
the benefit of the institution, organization or public body.
benefit of the lessee.
(4)(a) The claim must be filed on or before April 1 preceding the
(9) Insufficient proof or failure to show the tax savings inures
tax year for which the exemption is claimed, except:
to the lessee as described above is grounds for denial of the
(A) If the lease, sublease or lease-purchase agreement is entered
exemption.
into after March 1 but not later than June 30, the claim must be
filed within 30 days after the date the lease, sublease or lease-
Late filing information:
purchase agreement is entered into if exemption is claimed for
ORS 307.162 provides for late filing as follows:
that year; or
1. If you are filing before December 31 for the current tax year,
(B) If a late filing fee is paid in the manner provided in ORS
the late filing fee is $200.00 or one-tenth of one percent of
307.162 (2), the claim may be filed within the time specified in
the real market value of the property, whichever is greater.
ORS 307.162 (2).
2. If you are filing before April 1 of the current tax year, for
(b) The exemption first applies for the tax year beginning July
the current tax year only, and you are a first-time filer, have
1 of the year for which the claim is filed.
good and sufficient cause for filing late, or are a government
(5)(a) An exemption granted under this section continues as
entity described in ORS 307.090, the late filing fee is $200.00.
long as the use of the property remains unchanged and during
3. If you are filing for the current tax year and up to five prior
the period of the lease, sublease or lease purchase agreement.
tax years and you are a first-time filer, have good and suf-
(b) If the use changes, a new claim must be filed as provided
ficient cause for filing late, or are a government entity de-
in this section.
scribed in ORS 307.090, and are either filing within 60 days
(c) If the use changes due to sublease of the property or any
of the mailing date of a notice of additional tax or are filing
portion of the property from the tax exempt entity described in
at any time if no notice was mailed, then the late filing fee is
subsection (1) of this section to another tax exempt entity, the
the greater of $200.00 or one-tenth of one percent of the real
entity in possession of the property must file a new claim for
market value as of the most recent assessment date, multi-
exemption as provided in this section.
plied by the number of prior years claimed.
(d) If the lease, sublease or lease-purchase agreement expires
before July 1 of any year, the exemption termin
ates as of January
1 of the same calendar year.
150-310-087 (Rev. 04-18)
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