Oregon Revised Statutes

Or. Rev. Stat. § 308.250 (2026)

Valuation and assessment of personal property; property not subject to taxation in certain cases; annual notice authorized; form attesting no change in property; indexing

✓ current as of May 2026

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308.250 Valuation and assessment of personal property; property not subject to taxation in certain cases; annual notice authorized; form attesting no change in property; indexing. (1) All personal property not exempt from ad valorem taxation or subject to special assessment shall be valued at 100 percent of its real market value, as of January 1, at 1:00 a.m. and shall be assessed at its assessed value determined as provided in ORS 308.146.

(2) Notwithstanding subsection (1) of this section:

(a) If the total assessed value of all taxable personal property of any taxpayer assessable in any county that is required to be reported under ORS 308.290, and of all residential floating structures of the taxpayer assessable in the county that are not required to be reported under ORS 308.290 (1)(b)(C), is less than $12,500 in any assessment year, the property is not subject to ad valorem property taxation for that year.

(b) Manufactured structures of a taxpayer are not subject to ad valorem property taxation for any assessment year in which, in a county with a population of more than 340,000 but less than or equal to 570,000, the total assessed value of all manufactured structures taxable as personal property under ORS 308.875 of the taxpayer is less than $12,500.

(3)(a) Notwithstanding subsection (1) of this section, manufactured structures of a taxpayer are not subject to ad valorem property taxation for any assessment year in which, in a county with a population of more than 570,000, the total assessed value of all manufactured structures taxable as personal property under ORS 308.875 of the taxpayer is less than:

(A) $25,000; or

(B) A maximum dollar amount of $25,000 or more, if adopted by the governing body of the county for the assessment year.

(b) Notwithstanding subsection (1) of this section, the governing body of a county with a population of more than 570,000 may grant a partial exemption for all manufactured structures taxable as personal property in a dollar amount adopted by the county. The dollar amount shall be subtracted from the total assessed value of the property.

(c) The governing body of a county that adopts a dollar amount under paragraph (a)(B) or (b) of this subsection must notify the county assessor on or before January 1 of the assessment year for which the county first intends the dollar amount to apply.

(4)(a) On or around January 1 of each year, the county assessor may provide notice to each taxpayer whose taxable personal property is not subject to ad valorem property taxation for the current property tax year under subsection (2)(a) of this section.

(b) Notice provided under this subsection shall:

(A) State that the taxpayer’s personal property is not subject to ad valorem property taxation for the current property tax year.

(B) Include a form prescribed by the Department of Revenue by rule on which the taxpayer may attest by signing the form that the taxpayer has not added or deleted any taxable personal property since the prior assessment year.

(C) State that, if the taxpayer has added or deleted personal property since the prior assessment year, the taxpayer is required to submit to the county assessor a signed business personal property return with an updated asset detail list on or before March 15.

(c) A signed form returned to the county assessor within the time required under ORS 308.290 shall be sufficient to make the taxable personal property of the taxpayer identified in the notice not subject to ad valorem property taxation for the subsequent property tax year.

(5)(a) For each tax year beginning on or after July 1, 2003, the Department of Revenue shall recompute the maximum amount of the assessed value of taxable personal property in subsections (2)(a) and (b) and (3)(a)(A) and (B) of this section as follows:

(A) Divide the average Consumer Price Index for All Urban Consumers, West Region, for the prior calendar year by the average U.S. City Average Consumer Price Index for 2002.

(B) Recompute the maximum amount of assessed value under subsection (2)(a) or (b) of this section by multiplying $12,500 or $25,000, as applicable, by the appropriate indexing factor determined as provided in subparagraph (A) of this paragraph.

(b) As used in this subsection:

(A) “Consumer Price Index for All Urban Consumers, West Region” means the Consumer Price Index for All Urban Consumers, West Region (All Items), as published by the Bureau of Labor Statistics of the United States Department of Labor.

(B) “U.S. City Average Consumer Price Index” means the U.S. City Average Consumer Price Index for All Urban Consumers (All Items) as published by the Bureau of Labor Statistics of the United States Department of Labor.

(c) If any change in the maximum amount of assessed value determined under paragraph (a) of this subsection is not a multiple of $500, the increase shall be rounded to the nearest multiple of $500. [Amended by 1953 c.349 §3; 1959 c.553 §1; 1965 c.429 §3; 1971 c.529 §34; 1971 c.610 §1; 1973 c.62 §1; 1979 c.529 §3; 1979 c.692 §4; 1981 c.804 §41; 1985 c.422 §1; 1985 c.613 §9; 1991 c.459 §101; 1993 c.813 §1; 1995 c.513 §4; 1997 c.541 §163; 1997 c.819 §1; 2001 c.479 §1; 2003 c.63 §1; 2007 c.613 §2; 2010 c.69 §§1,2; 2013 c.205 §1; 2015 c.38 §2; 2015 c.217 §1; 2017 c.420 §1; 2019 c.533 §1; 2022 c.96 §3; 2023 c.172 §2]

308.253 [1985 c.416 §2; 1991 c.459 §102; repealed by 2003 c.655 §143]

308.255 [Amended by 1955 c.735 §7; repealed by 1957 c.342 §1 (308.256 enacted in lieu of 308.110 and 308.255)]

Notes of Decisions

Cited in 42 cases (1 in the last 5 years), 1967–2021 · leading case: Freitag v. Dep't of Revenue, 18 Or. Tax 368 (Or. T.C. 2006).

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Freitag v. Dep't of Revenue, 18 Or. Tax 368 (Or. T.C. 2006). · cites it 5× “The county determined that the aggregate sum of that personal property was owned by taxpayers and taxed the value of that property in accordance with ORS 308.250(2). 2 Taxpayers appeal on two theories.”

Pilgrim Turkey Packers, Inc. v. Dep't of Revenue, 493 P.2d 1372 (Or. 1972). · cites it 3× “Plaintiff appeals from a decision of the Oregon Tax Court, 4 OTR Adv Sh 498 (1971), sustaining a ruling of the Department of Revenue which affirmed the Marion County assessor’s denial of a processor’s exemption under ORS 308.250. Plaintiff is a processor of poultry products and…”

Comcast Corp. III v. Dept. of Rev. (TC 4909), 22 Or. Tax 233 (Or. T.C. 2016). “210, ORS 308.250. The tax year is a fiscal period that runs from July 1 to June 30.”

Rogue River Packing Corp. v. Dep't of Revenue, 6 Or. Tax 293 (Or. T.C. 1976). “The plaintiff is a food-packing corporation which has obtained the benefits of the “processor’s statute,” ORS 308.250, without interruption from 1944 until the 1974-1975 tax year.”

Pratum Co-Op Warehouse v. Dep't of Revenue, 6 Or. Tax 130 (Or. T.C. 1975). · cites it 3× “It typically had a large inventory on January 1, which “was transported or shipped to another point before May 1 of the year of assessment” and was entitled to tax exemption under ORS 308.250. Applications for exemption have regularly been filed by the plaintiff in Marion County…”

Nw. Airlines, Inc. v. Dep't of Revenue, 943 P.2d 175 (Or. 1997). · cites it 2× “” ORS 308.250(1) provides that “[a]ll personal property not exempt from ad valorem taxation shall be valued at 100 percent of its real market value, as of July 1, at 1:00 a.”

Pilgrim Turkey Packers, Inc. v. Dep't of Revenue, 4 Or. Tax 498 (Or. T.C. 1971). · cites it 4× “VL 70-441, affirming the Marion County Assessor’s denial in 1970 of the “processor’s exemption” provided by ORS 308.250. The plaintiff had faded to file necessary information with the county assessor prior to the deadline for such filing established by the statute; i.”

Byer v. Dep't of Revenue, 7 Or. Tax 172 (Or. T.C. 1977). · cites it 6× “The question presented turns on the meaning of the words "receipt of sufficient documentary proof that the mobile home was sold before May 1 of the year of assessment,” found in ORS 308.250, providing for the cancellation of personal property tax assessment in certain cases.”

Johnson v. State Tax Comm'n, 2 Or. Tax 504 (Or. T.C. 1967). “272, upon being furnished documentary proof, not later than the date specified in subsection (4) of ORS 308.250, that the vehicles so assessed have been registered in this state and the license fees have been paid thereon not later than March 31 of the same year.”

Harris v. Comm'n, 3 Or. Tax 440 (Or. T.C. 1969). · cites it 3× “ORS 308.250, commonly known as the processor’s statute, provides for the cancellation of personal property tax assessments for cattle which were on hand on January 1 and shipped for slaughter before May 1 of the year of assessment.”

Proud Truck Sales, Inc. v. Dep't of Revenue, 4 Or. Tax 566 (Or. T.C. 1971). · cites it 3× “his chapter on January 1 of any year, which are being held in stock by the owner or dealer for sale or exchange, shall be reported to the county assessor by the owner and listed for ad valorem taxation but the assessor shall cancel such listing with respect to all such vehicles…”

Manning's Famous Foods, Inc. v. Comm'n, 3 Or. Tax 249 (Or. T.C. 1968). · cites it 5× “The plaintiff contends it is entitled to the cancellation because it is a processor under ORS 308.250. That statute states, insofar as applicable: “All personal property not exempt from taxation shall be assessed at its true cash value as of January 1, at 1:00 a.”

Show all 42 citing cases →

— Or. Rev. Stat. § 308.250(1) — 4 cases

Nw. Airlines, Inc. v. Dep't of Revenue, 943 P.2d 175 (Or. 1997). “” ORS 308.250(1) provides that “[a]ll personal property not exempt from ad valorem taxation shall be valued at 100 percent of its real market value, as of July 1, at 1:00 a.”

Depot Investors, Ltd. v. Benton Cnty. Assessor (Or. T.C. 2016).

Town Square Ltd. P'ship v. Union Cnty. Assessor (Or. T.C. 2020).

Acosta v. Multnomah Cnty. Assessor (Or. T.C. 2021).

— Or. Rev. Stat. § 308.250(2) — 15 cases

Freitag v. Dep't of Revenue, 18 Or. Tax 368 (Or. T.C. 2006). “The county determined that the aggregate sum of that personal property was owned by taxpayers and taxed the value of that property in accordance with ORS 308.250(2). 2 Taxpayers appeal on two theories.”

Kolstad Canneries, Inc. v. Dep't of Revenue, 4 Or. Tax 34 (Or. T.C. 1969).

Wilsey-Magers v. Crook Cnty. Assessor (Or. T.C. 2018).

Vandermolen v. Crook Cnty. Assessor (Or. T.C. 2018).

UYB Ranch LLC v. Crook Cnty. Assessor (Or. T.C. 2018).

— Or. Rev. Stat. § 308.250(2)(a) — 1 case

WLL P.C. v. Marion Cnty. Assessor (Or. T.C. 2017).

— Or. Rev. Stat. § 308.250(3) — 1 case

WLL P.C. v. Marion Cnty. Assessor (Or. T.C. 2017).

— Or. Rev. Stat. § 308.250(4) — 2 cases

Byer v. Dep't of Revenue, 7 Or. Tax 172 (Or. T.C. 1977). “The question presented turns on the meaning of the words "receipt of sufficient documentary proof that the mobile home was sold before May 1 of the year of assessment,” found in ORS 308.250, providing for the cancellation of personal property tax assessment in certain cases.”

Triple P, Inc. v. Douglas Cnty. Assessor (Or. T.C. 2015).

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