Section 308.142 – “Property” and “property tax account” defined.

For purposes of determining whether the assessed value of property exceeds the property’s maximum assessed value permitted under section 11, Article XI of the Oregon Constitution: (1) “Property” means: (a) All property included within a single property tax account; or (b) In the case of property that is centrally assessed under ORS 308.505 to 308.674, […]

Section 308.145

[1983 c.307 §2; renumbered 223.322 in 1987]

Section 308.146 – Determination of maximum assessed value and assessed value; reduction in maximum assessed value following property destruction; effect of conservation or highway scenic preservation easement.

(1) The maximum assessed value of property equals 103 percent of the property’s assessed value from the prior year or 100 percent of the property’s maximum assessed value from the prior year, whichever is greater. (2) Except as provided in subsections (3) and (4) of this section, the assessed value of property to which this […]

Section 308.149 – Definitions for ORS 308.149 to 308.166.

As used in ORS 308.149 to 308.166: (1) “Area” means: (a) The county in which property, the maximum assessed value of which is being adjusted, is located, including the area of any city located within the county that has adopted an ordinance or resolution pursuant to ORS 308.151; (b) The city in which property, the […]

Section 308.150

[1983 c.307 §3; renumbered 223.327 in 1987]

Section 308.151 – Certain cities authorized to define “area” as city by ordinance or resolution; supermajority required; software costs withheld from property taxes.

(1) This section applies to a city if the majority of the population of the city resides in a county with a population greater than 700,000. (2)(a) For purposes of ORS 308.149, the governing body of a city may adopt an ordinance or resolution defining “area” to mean the city. (b) An ordinance or resolution […]

Section 308.153 – New property and new improvements to property.

(1) If new property is added to the assessment roll or improvements are made to property as of January 1 of the assessment year, the maximum assessed value of the property is the sum of: (a) The maximum assessed value determined under ORS 308.146; and (b) The product of the value of the new property […]

Section 308.156 – Subdivision or partition; rezoning; omitted property; disqualification from exemption, partial exemption or special assessment; rules.

(1) If property is subdivided or partitioned after January 1 of the preceding assessment year and on or before January 1 of the current assessment year, then the property’s maximum assessed value shall be established as provided under this section. (2) If property is rezoned and, after January 1 of the preceding assessment year and […]

Section 308.159 – Lot line adjustments.

If a lot line adjustment is made with respect to property, the maximum assessed value of the property may be adjusted to reflect the lot line adjustment, but the total maximum assessed value of all property affected by the lot line adjustment may not exceed the total maximum assessed value of the affected property determined […]

Section 308.162 – Property tax account modifications.

(1) If two or more property tax accounts are merged into a single account, or if property that is attributable to one account is changed to another account, the maximum assessed value of the property may be adjusted to reflect the merger or change, but the total maximum assessed value for all affected accounts may […]

Section 308.165

[1983 c.259 §1; renumbered 223.132 in 1987]

Section 308.166 – Ordering provisions when property is subject to multiple special determinations of value.

(1) If the maximum assessed value of property is subject to adjustment under both ORS 308.153 and 308.156, the maximum assessed value must first be determined under ORS 308.153 and then further adjusted under ORS 308.156. (2) If the maximum assessed value of property is subject to adjustment under both ORS 308.153 and 308.159, the […]

Section 308.170

[1983 c.259 §2; renumbered 223.878 in 1987]