"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 (Definitions for ORS 308.505 to 308.665) to 308.665 (Railroad car exemption), the total statewide value of all property assessed to a company or utility that is subject to ORS 308.505 (Definitions for ORS 308.505 to 308.665) to 308.665 (Railroad car exemption).
(2) "Property tax account" means the administrative division of property for purposes of listing on the assessment roll under ORS 308.215 (Contents of assessment roll) for the tax year for which maximum assessed value is being determined or, in the case of a private railcar company, the administrative division provided under ORS 308.640 (Assessment and taxation of personal property of small private railcar companies). [1997 c.541 §7; 1999 c.223 §7]
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. Currency Information