OR HB3190

Extends Oregon's historic property special assessment program deadline from July 1, 2024 to July 1, 2032, allowing commercial property owners to apply for 10-year property tax freezes based on the property's real market value at application time

Expands eligibility to include commercial properties such as office buildings, retail buildings, hotels, restaurants, and residential rental properties (single-family and multifamily), while excluding owner-occupied private residences

Requires property owners to commit to spending at least 10% of the property's real market value on preservation work within the first five years, focusing on exterior features visible from public ways and structural elements

Changes the application deadline from April 1 to March 1 of the assessment year and allows owners to reapply for additional 10-year terms after completing the current term

Establishes disqualification penalties including back taxes, interest, and a 15% penalty for owners who fail to maintain, preserve, or rehabilitate the property according to approved preservation plans or historic rehabilitation standards