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Oregon Revised Statutes

Or. Rev. Stat. § 308.207 (2026)

Computation of real market value for taxing or bonding limitations

✓ current as of May 2026
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      308.207 Computation of real market value for taxing or bonding limitations. (1) If the taxing or bonding power of any governmental unit is limited to a millage or percentage of the real market value of the taxable property within the unit, the real market value shall be the real market value as reflected in the last certified assessment roll.

      (2) Changes in the boundary lines of a governmental unit shall be taken into account in computing its real market value for purposes of subsection (1) of this section even though such boundary changes may not be included on the latest assessment roll.

      (3) As used in this section, “governmental unit” includes the state, counties, cities, municipal corporations, and all special districts having the power to levy taxes or issue bonds. [1963 c.9 §1; 1967 c.293 §22; 1981 c.804 §35; 1991 c.459 §89; 1999 c.1078 §83]

Notes of Decisions
Cited in 2 cases, 1974–1992 · leading case: Comeaux v. Water Wonderland Improvement Dist., 12 Or. Tax 132 (Or. T.C. 1992).
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Comeaux v. Water Wonderland Improvement Dist., 12 Or. Tax 132 (Or. T.C. 1992). “If so liquidated and their assets are insufficient to pay their debts, the county board “acting as a levying board for the district shall levy taxes, within the limits of the authority of the district, for the liquidation of the debts.”
Kangas v. Myers, 522 P.2d 1389 (Or. 1974). “000125) of the true cash value of all taxable property within the county, computed in accordance with ORS 308.207, to raise funds to meet any unforeseen contingency, which in their judgment, should be dealt with in order to prevent serious loss or injury to the county.”
— Or. Rev. Stat. § 308.207(3) — 1 case
Comeaux v. Water Wonderland Improvement Dist., 12 Or. Tax 132 (Or. T.C. 1992). “If so liquidated and their assets are insufficient to pay their debts, the county board “acting as a levying board for the district shall levy taxes, within the limits of the authority of the district, for the liquidation of the debts.”
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