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Oregon Revised Statutes

Or. Rev. Stat. § 308.232 (2026)

Property to be valued at 100 percent real market value and assessed at assessed value

✓ current as of May 2026
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      308.232 Property to be valued at 100 percent real market value and assessed at assessed value. All real or personal property within each county not exempt from ad valorem property taxation or subject to special assessment shall be valued at 100 percent of its real market value. Unless the property is subject to maximum assessed value adjustment under ORS 308.149 to 308.166, the property shall be assessed at the property’s assessed value determined under ORS 308.146. [1953 c.701 §2; 1959 c.519 §1; 1961 c.243 §1; 1967 c.293 §6; 1979 c.241 §33; 1981 c.804 §39; 1985 c.613 §8; 1991 c.459 §97; 1997 c.541 §159]

Notes of Decisions
Cited in 102 cases (1 in the last 5 years), 1957–2023 · leading case: Mathias v. Dep't of Revenue, 817 P.2d 272 (Or. 1991).
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Mathias v. Dep't of Revenue, 817 P.2d 272 (Or. 1991). · cites it 8× “Moreover, no amendment or other reference to the mandate of ORS 308.232 [10] occurs in the legislation or in the history of its consideration.”
Comcast Corp. III v. Dept. of Rev. (TC 4909), 22 Or. Tax 233 (Or. T.C. 2016). · cites it 2× “ORS 308.232. The phrase “current roll” does not refer to ongoing work on an assessment roll.”
Gray v. Dept. of Rev., 23 Or. Tax 220 (Or. T.C. 2018). · cites it 2× “See Or Laws 1967, ch 293, § 6 (amending ORS 308.232 to state: “All real or personal property within each county shall be assessed at 100 percent of true cash value.”
Powell St. I, LLC v. Multnomah Cnty. Assessor, 445 P.3d 297 (Or. 2019). “OVERVIEW OF LAW We begin with an overview of several familiar property tax concepts: the definition of real market value, the requirement that the tax be assessed on the "fee simple interest" in the property, and the valuation methods used by appraisers to determine real market…”
Benjamin Franklin Sav. & Loan Ass'n v. Dep't of Revenue, 801 P.2d 771 (Or. 1990). · cites it 4× “4 Generally, the older the property is, the less it is worth. “True cash value,” however, is the *656 statutory benchmark for tax-assessed valuation and is defined as “the market value of the property as of the assessment date.”
Dep't of Revenue v. River's Edge Investments, LLC, 377 P.3d 540 (Or. 2016). “We review the general principles and elaborate only on the details that are in play in this case. A. Real Market Value and Appraisal 1.”
Freedom Fed. Sav. & Loan Ass'n v. Dep't of Revenue, 801 P.2d 809 (Or. 1990). · cites it 2× “It is recognized that in cases where a site has existing improvements, the highest and best use as if vacant may very well be determined to be different from that given the existing improvements (as improved). The existing use will continue, however, until the land value, in its…”
Kain/Waller v. Myers, 93 P.3d 62 (Or. 2004). “ORS 308.232 provides: “All real or personal property within each county not exempt from ad valorem property taxation or subject to special assessment shall be valued at 100 percent of its real market value.”
Hewlett-Packard Co. v. Benton Cnty. Assessor, 356 P.3d 70 (Or. 2015). “See ORS 308.232 (requiring *602 “ad valorem property taxation” to be based on the property’s “real market value”).”
Flavorland Foods v. Washington Cnty. Assessor, 54 P.3d 582 (Or. 2002). “See ORS 308.232 (1995) (“All real or personal property within each county shall be valued and assessed at 100 percent of its real market value.”
Kaady v. Dep't of Revenue, 15 Or. Tax 124 (Or. T.C. 2000). “ORS 308.232, in part, directs: “* * * All real or personal property within each county not exempt from ad valorem property taxation or subject to special assessment shall be valued at 100 percent of its real *125 market value.”
Med. Bldg. Land Co. v. Dep't of Revenue, 582 P.2d 416 (Or. 1978). · cites it 2× “ORS 308.232 provides that "[a]ll real or personal property within each county shall be assessed at 100 percent of its true cash *421 value.”
Show all 102 citing cases →
Or. Rev. Stat. § 308.232(2): 1 case
Gray v. Dept. of Rev., 23 Or. Tax 220 (Or. T.C. 2018). “See Or Laws 1967, ch 293, § 6 (amending ORS 308.232 to state: “All real or personal property within each county shall be assessed at 100 percent of true cash value.”
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