The homestead mentioned in ORS § 18.395 shall consist, when not located in any town or city laid off into blocks and lots, of any quantity of land not exceeding 160 acres, and when located in any such town or city, of any quantity of land not exceeding one block. However, a homestead under this section shall not exceed in value the sum of $40,000 or $50,000, whichever amount is applicable under ORS § 18.395 (1). [Formerly 23.250; 2005 c.456 § 3; 2009 c.612 § 3]

[1979 c.694 § 3; 2001 c.334 § 1; repealed by 2003 c.576 § 580]