2007 ORS 306.126¹
Appraisal of industrial property by department
  • delegation to county assessors
  • rules

(1)(a) As used in this section:

(A) "Principal industrial property" means any unit of industrial property having a real market value of the improvements on the assessment roll for the preceding year of more than $5 million.

(B) "Secondary industrial property" means any unit of industrial property having a real market value of the improvements on the assessment roll for the preceding year of more than $1 million but of $5 million or less.

(b) The Department of Revenue shall appraise each principal industrial property situated within each county and advise the county assessor of its real market and assessed value and the real market value of its net improvements. No part of the cost of the appraisal shall be borne by the county. The cost of the appraisal may be reimbursed from the County Assessment Function Funding Assistance Account as provided under ORS 294.184 (County Assessment Function Funding Assistance Account).

(c) The department shall appraise each secondary industrial property situated within each county and advise the assessor of its real market and assessed value and the real market value of its net improvements. The cost of the appraisal shall be reimbursed from the County Assessment Function Funding Assistance Account as provided under ORS 294.184 (County Assessment Function Funding Assistance Account).

(2) The department shall advise the assessor of the values determined under subsection (1) of this section by a date that is determined to give the assessor sufficient time to prepare the assessment roll.

(3) Notwithstanding subsection (1)(b) or (c) of this section, upon request of the county assessor, made prior to January 1 of the assessment year and accompanied by any information required by the department, including but not limited to a summary of the county’s proposed budget of expenditures for appraisals for principal or secondary industrial properties, the department may delegate its responsibility for making the appraisals, or any of them, required under subsection (1)(b) or (c) of this section, to the county assessor. Except as provided under ORS 294.175 (Definitions) to 294.184 (County Assessment Function Funding Assistance Account), if responsibility is delegated under this subsection, the entire cost of making the appraisals delegated shall be borne by the county. No appeal may be taken from any determination of the department under this subsection.

(4) The department may adopt any rules necessary to carry out the purposes of this section.

(5) The department may adopt an appraisal schedule that promotes the efficient use of its resources. [1955 c.231 §1; 1957 c.589 §1; 1963 c.85 §1; 1989 c.796 §20; 1991 c.459 §33; 1997 c.325 §17; 1997 c.541 §96; 2001 c.303 §15]

Notes of Decisions

On ap­peal from Revenue Depart­ment's order to produce records for inspec­tion, where there was no evidence that taxpayer was not protected by secrecy require­ment of ORS 308.290 (Returns) and where depart­ment's request was relevant to carrying out its duties to county assessor under this sec­tion, taxpayer was re­quired to comply with order. In re Willamette Industries, Inc., 8 OTR 324 (1980)

Chapter 306

Atty. Gen. Opinions

Discussion of 1982 Ballot Measure 3 (one and one-half percent prop­erty tax limita­tion), (1982) Vol. 43, p 16

Law Review Cita­tions

5 EL 516 (1975)

1 Legislative Counsel Committee, CHAPTER 306—Property Taxation Generally, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­306.­html (2007) (last ac­cessed Feb. 12, 2009).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 306, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­306ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.