OR HB3139

Counties may elect by ordinance or resolution to grant a special property tax assessment to homeowners who rebuild homes destroyed by wildfire in areas covered by a state of emergency declaration

Rebuilt homesteads receive a specially assessed value equal to the real market value of the destroyed home from the tax year it was destroyed, limited to the original home's square footage

Special assessment ends when the rebuilt home is no longer the owner's principal dwelling, is rented to another person for any duration, or is transferred to new ownership

Owners must file annual attestations confirming continued occupancy as their principal dwelling, and claims must be filed between January 1 and April 1 preceding the tax year

Takes effect on the 91st day following adjournment of the 2025 regular legislative session