Oregon Administrative Code

150-308-0130 Definitions (1) For purposes of ORS 308.149: (a) “New construction” means any new structure, building, addition or improvement to the land, including site development. (b) “Reconstruction” means to rebuild or replace an existing structure with one of comparable utili…

150-308-0140 Computation of Changed Property Ratio for Centrally Assessed Property The ratio of average maximum assessed value to average real market value, also known as the changed property ratio, shall be rounded to two decimal places for purposes of assessed value calculation…

150-308-0150 Net Capitalized Additions (1) Definitions: (a) For purposes of centrally-assessed property, the term “improvements” means changes in the value of property (as defined in 1997 OR Law Ch. 541, Sect. (7)(1)(b)) as the result of new construction, reconstruction, major ad…

150-308-0160 Minor Construction (1) Definition: "Minor construction" is an improvement to real property that results in an addition to real market value (RMV), but does not qualify as an addition to maximum assessed value (MAV) due to a value threshold. The value threshold causin…

150-308-0170 Establishing a Changed Property Ratio (1) The assessor must establish a CPR for property classes 0 through 8 each assessment year. For determining the ratio of the average maximum assessed value over the average real market value, only the first digit of the property…

150-308-0180 Definition of Affected “Affected property” means property that is subject to one or more of the following events: partitioned or subdivided; added to the account as omitted property; rezoned and used consistent with the rezoning; disqualified from a special assessmen…

150-308-0190 Subdivided and Partitioned Property MAV For purposes of calculating maximum assessed value when a property is subdivided or partitioned, the portion of the property that is “affected” includes: (1) The entire land that was subdivided or partitioned into smaller lots …

150-308-0200 Rezoned Property — Calculating Maximum Assessed Value (MAV) (1) For the purposes of determining MAV under ORS 308.142 to 308.166 and this rule, the following definitions apply: (a) “Primary use” means an activity or combination of activities of chief importance on th…

150-308-0210 Omitted Property—Allocating Maximum Assessed Value (MAV) (1) When omitted property is added to the property tax account after January 1 preceding the current assessment year and before January 1 of the current assessment year, only the omitted property portion is con…

150-308-0220 Exemption, Partial Exemption or Special Assessment Disqualification — Allocating MAV When an exempt, partially exempt or specially assessed property is disqualified after January 1 of the assessment year preceding the current assessment year and before January 1 of t…

150-308-0230 Calculation of Maximum Assessed Value (MAV) for Lot Line Adjustments (1) For purposes of calculating MAV when properties are subject to a lot line adjustment, the portion of the property that is “affected” includes: (a) All the land comprising the properties subject …

150-308-0240 Real Property Valuation for Tax Purposes (1) For purposes of this rule, these words and phrases have the following meanings: (a) “Unit of property” means the item, structure, plant, or integrated complex as it physically exists on the assessment date. (b) “Real prope…

150-308-0245 Partial Exemptions and Special Assessments of Land (1) Valuation of Land Under Improvements Having Only Partial Exemption. This rule does not apply to those cases where land is not eligible for inclusion in the exemption. (a) The land under an improvement, when part …

150-308-0250 Derivation of Capital Structure and Discount Rates for Valuing Industrial Properties and Department-Assessed Properties (1) CAPITAL STRUCTURE. The capital structure of a company refers to the make-up of its financial structure, i.e., long-term debt and equity. For ad…

150-308-0260 Industrial Property Valuation for Tax Purposes (1) For the purposes of this rule, the following words and phrases have the following meaning: (a) A "unit of property" is the item, structure, plant, or integrated complex as it physically exists on the assessment date.…

150-308-0270 Valuation of Contaminated Property (1) Definitions: (a) “Contaminated site” means real property that, on the assessment date: (A) Is on the National Priority List of the Environmental Protection Agency; (B) Is included by the Department of Environmental Quality in an…

150-308-0280 Measuring Functional Obsolescence in Industrial Property (1) The procedure for estimating functional obsolescence for industrial property in the reproduction cost approach is as follows: (a) The total functional obsolescence equals: (A) The physically depreciated rep…

150-308-0290 Effective Tax Rate (1) Definitions for this rule: (a) “Changed property ratio” (CPR) is the ratio, not greater than 1.00, of the average maximum assessed value over the average real market value for the assessment year in the same area and property class. (b) “Nomina…

150-308-0300 Valuation Review of State-appraised Industrial Property. (1) The department may conduct valuation reviews of state-appraised industrial properties to verify the accuracy of the property's real market value and maximum assessed value. (2) Valuation reviews will follow…

150-308-0310 Real Market Value and Property Classification as Part of Assessment Roll (1) In addition to the assessed value of property, the assessment roll must show: (a) The real market value (RMV) of the land, excluding all buildings, structures, and improvements thereon; (b) …

150-308-0320 Property With Multiple Leases Assessed as One Parcel Properties with multiple leases must be assessed as one parcel except those properties covered by 307.110(2). The statutes have no provisions for assessing multiple leaseholds of undivided parcels of real property …

150-308-0330 Contents of Assessment Roll for Condominiums For purposes of the assessment roll for condominiums, the land, buildings, structures and improvements are to be considered together as a single value for the real market value. Where appropriate, the land, buildings, stru…

150-308-0340 Printout or Microfiche Required When Assessment and Tax Rolls do not Constitute a Written Record All information specified in the laws and administrative rules relating to the assessment roll, the tax roll and the June 30 Tax Collector’s Report must be on the printou…

150-308-0350 Filing Requirements for Certain Delayed Annexations by Cities (1) This rule applies to delayed annexations by cities allowed under ORS 222.750. In these annexations, all nonresidential zoned property and all residentially zoned property in nonresidential use become a…

150-308-0355 Filing Requirements for Boundary Changes (1) A legal description and an accurate map are filed in “final approved form” when the Department of Revenue can approve them with no amendments or corrections needed. (2) The legal description submitted to the department mus…

150-308-0360 Appraisals of Real Property by Registered Appraisers Only appraisers registered under ORS 308.010 shall appraise real property. If nonregistered appraisal assistants are utilized for gathering inventory data, it shall be only for gathering or recording factual invent…

150-308-0370 Determining Taxable Value for Assessment Charges on Property Exempt from Taxation If a property that is exempt from ad valorem taxation is subject to assessment charges, the assessor shall determine the maximum amount of assessment charges by using the real market va…

150-308-0380 Appraisal of Real Property The following constitutes standards for the valuation of real property except for property assessed under ORS 308.505 to 308.665 and ORS 308.805 to 308.820. (1) Industrial property. In the case of industrial properties, appraisals must conf…

150-308-0390 Agricultural Land Devoted to Agricultural Purposes; Valuation for Ad Valorem Tax Purposes (1) Agricultural land devoted to agricultural purposes as defined in OAR 150-307-0420 is real property and shall, insofar as possible, be valued by the methods provided in 150-3…

150-308-0400 Stipulation Procedures (1) The phrase “the convening of the board” in ORS 308.242(3)(b) means the first meeting of the year during which the Property Value Appeals Board (PVAB) officially opens the session under ORS 309.026. (2) The assessor may change the roll after…

150-308-0410 Cancellation of Personal Property Assessments (1) The assessor must cancel the personal property assessment for any taxpayer whose taxable personal property in the county has a total assessed value (AV) below the threshold value computed annually under ORS 308.250(5)…

150-308-0420 Exemption of Watercraft Undergoing Repairs (1) Watercraft owned or operated by centrally assessed water transportation companies and undergoing “major” repairs as defined in ORS 308.256(4), shall be deemed exempt from taxation if such repairs are in progress as of Ja…

150-308-0430 Valuation of New Construction New construction including additions, remodeling, and rehabilitation, not in the current reappraisal area, shall be valued using the same appraisal data used for the building classes in that area when last appraised. The resulting value …

150-308-0440 Confidentiality — Returns of Taxable Property Refer to OAR 150-192-0500 for clarification of what is confidential information and how to safeguard that material. Statutory/Other Authority: ORS 305.100 Statutes/Other Implemented: ORS 308.290 History: Renumbered from 1…

150-308-0450 Industrial Property Returns — Incomplete Returns and Late Filing Penalties (1) Industrial Property Returns are combined returns of real and personal property for state-appraised industrial property. The Industrial Property Return forms and instructions specify the in…

150-308-0470 County Contractors Having Access to Confidential Records Each county must include in all vendor contracts, where a firm’s officers or employees may have access to confidential tax information, a clause prohibiting disclosure of information by any officer or employee …

150-308-0480 Confidentiality of Property Tax Information for Centrally Assessed Companies; Exchange Under Reciprocal Agreements (1) The following information must be held confidential by the department: (a) Returns filed under ORS 308.290, 308.525, and 308.810; (b) Appraisals con…

150-308-0490 Appraisal and Valuation of Industrial Plants (1) The preliminary survey is defined as gathering of data necessary to determine the methods and approaches to be used in the appraisal to value the plant. Data pertaining to the plant may be obtained from files in the De…

150-308-0500 Confidentiality of Industrial Plant Information Any information furnished to the department and made confidential under ORS 308.411 shall be available to each officer and employee of the office of the county assessor who has been authorized by the county assessor. Al…

150-308-0510 Definition of Destroyed or Damaged “Destroyed or Damaged” means that the real or personal property is physically degraded by a qualifying fire or Act of God event. Property whose value is affected only by its proximity to another property physically degraded by a qua…

150-308-0520 Valuation of Nonprofit Homes for the Elderly (1) Comparable Facilities includes both nonprofit and for-profit facilities with similar: (a) Levels of care: (A) Retirement living only: no meals are included in the rent; similar to apartment or condominium living. (B) R…

150-308-0530 Defining “Communication Services” (1) Irrespective of the origin of the property, it is the policy of the department to treat as “communications services,” for purposes of ORS 308.505 and the central assessment statutes, not merely the direct provision of communicati…

150-308-0540 Assessment of Properties of Designated Utilities and Companies by Department of Revenue (1) As required by ORS 308.510(5), 308.515, and 308.517, the Director shall make determinations as to which properties of companies engaged in any of the activities named in 308.5…

150-308-0550 Property Used for Guide Service (1) Water transportation property otherwise assessable by the department under ORS 308.515 will be excluded from department assessment if such property is used exclusively in “for hire” transportation of other persons in guide service.…

150-308-0560 Confidentiality of Appraisals of Designated Utilities and Companies by Department of Revenue The files of designated utilities and companies appraised by Department of Revenue will be safeguarded in the manner stated in OAR 150-192-0500. Statutory/Other Authority: OR…

150-308-0570 Computation of Changed Property Ratio for Centrally Assessed Property The ratio of average maximum assessed value to real market value, also known as the changed property ratio, shall be rounded to two decimal places for purposes of assessed value calculation. See OA…

150-308-0580 Allocation of Mobile Aircraft Property Value (1) The percent of the unit value of the mobile aircraft property of air transportation and air express companies assessed by the department pursuant to ORS 308.515 allocated to Oregon shall be determined by the following …

150-308-0585 Procedure for Determining Oregon Property Value for Private Railroad Car Companies (1) Private car companies shall report the total miles their railroad cars traveled on the railroads in Oregon and the corresponding total system mileage for the prior two calendar yea…

150-308-0590 Allocation of Centrally Assessed Electric Company Property Value Electric companies. The value of the Oregon portion of a unit of property used by a company operating both within and without this state in the business of distributing electricity shall be allocated to…

150-308-0592 Defining Electrical Inspection for Community Solar Date on which the electrical inspection for the project is completed and approved and eligible to claim the exemption granted under ORS 307.175(5) is the later of the date the utility company (the off-taker of the el…