Oregon Statutes 308A.250 – Definitions for ORS 308A.250 to 308A.259
As used in ORS § 308A.250 to 308A.259:
Terms Used In Oregon Statutes 308A.250
- Contract: A legal written agreement that becomes binding when signed.
- Executor: A male person named in a will to carry out the decedent
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) ‘Exclusive farm use zone’ has the meaning given that term in ORS § 308A.053.
(2) ‘Forestland’ means forestland that is a parcel of land of more than 10 acres that has been zoned in the comprehensive plan for exclusive farm use, forest use or farm and forest use and that is, as of the assessment date for which value for the forest homesite is being determined:
(a) Land that has as its highest and best use the growing and harvesting of trees of a marketable species;
(b) Land that has been designated as forestland under ORS § 321.257 to 321.390 or 321.805 to 321.855; or
(c) Land that is assessed as small tract forestland under ORS § 321.700 to 321.754.
(3) ‘Homesite’ means land described in ORS § 308A.253, including all tangible improvements to the land under and adjacent to a dwelling and other structures, if any, that are customarily provided in conjunction with the dwelling.
(4) ‘Nonexclusive farm use zone farmland’ has the meaning given that term in ORS § 308A.053.
(5) ‘Owner’ or ‘owners’ means:
(a) The person who holds an estate in the homesite in fee simple or for life.
(b) Any one of tenants in common or tenants by the entirety, holding an estate in the homesite in fee simple or for life.
(c) Any person of legal age, duly authorized in writing to act on behalf of any person described in paragraph (a) or (b) of this subsection in filing an application for special assessment of nonexclusive farm use zone farmland.
(d) The guardian or conservator of an owner, or the executor or administrator of an owner’s estate.
(e) The purchaser of the fee simple or life estate of an owner under a contract of sale. [1999 c.314 § 29; 2003 c.454 96,98; 2003 c.621 § 82]