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Oregon Revised Statutes

Or. Rev. Stat. § 308.545 (2026)

Mode of valuing property

✓ current as of May 2026
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      308.545 Mode of valuing property. For the purpose of arriving at the amount and character and assessed value of the property belonging to a company, the Department of Revenue personally may inspect the property, and may take into consideration the statements filed under ORS 308.505 to 308.674, the reports, statements or returns of the company filed in the office of any board, office or commission of this state, or any county thereof, the earning power of the company, the franchises and special franchises owned or used by the company, and such other evidence of any kind that is obtainable bearing thereon. However, no report, statement or return shall be conclusive upon the department in arriving at the amount and character and assessed value of the property belonging to the company. [Amended by 1991 c.459 §146; 1997 c.154 §38; 1997 c.541 §206]

Notes of Decisions
Cited in 8 cases (3 in the last 5 years), 1956–2023 · leading case: Level 3 Commc'ns, LLC v. Dept. of Rev., 490 P.3d 149 (Or. 2021).
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Level 3 Commc'ns, LLC v. Dept. of Rev., 490 P.3d 149 (Or. 2021). · cites it 7× “525 (describing data that centrally assessed companies are required to report to the department); and ORS 308.545 to 308.555 (setting out instructions for “unit” valuation of property, which permits the department to value the entire property of the com- pany, both within and…”
Level 3 Commc'ns LLC III v. Dept. of Rev., 23 Or. Tax 440 (Or. T.C. 2019). · cites it 4× “515(1)); the definition of “property” that the department can value and assess (ORS 308.”
State Tax Comm'n v. Consumers' Heating Co., 294 P.2d 887 (Or. 1956). · cites it 3× “ORS 308.545 provides: “For the purpose of arriving at the amount and character and true cash value of the property belonging to a company, the commission personally may inspect the property, and may take into consideration the statements filed under ORS 308.”
S. Pac. Trans. v. Dept. of Rev., 664 P.2d 401 (Or. 1983). “Separate accounting, separate regulatory reporting, and separate incorporation do not reveal the property relation between two companies, because a company that is controlled by another might maintain its own independent books, reports, and corporate form.”
S. Pac. Transp. Co. v. Dep't of Revenue, 664 P.2d 401 (Or. 1983). “Separate accounting, separate regulatory reporting, and separate incorporation do not reveal the property relation between two companies, because a company that is controlled by another might maintain its own independent books, reports, and corporate form.”
D. E. Shaw Renewable Investments v. Dept. of Rev., 371 Or. 384 (Or. 2023). “525 (describing information that must be included in annual statement); ORS 308.545 (describing mode of deter- mining assessed value of taxpayer’s property).”
PacifiCorp v. Dept. of Rev. (Or. T.C. 2023). “The statutory context, including other central assessment statutes, provides numerous examples of “requirements” as to which guidance from Defendant is obviously helpful.”
Emerald People's Util. Dist. v. Dep't of Revenue, 10 Or. Tax 207 (Or. T.C. 1986). “ORS 308.545, which is labeled “Mode of valuing property,” indicates that the department may inspect the property and take into consideration reports, statements, returns and other information.”
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