308A.256
Maximum assessed value and assessed value of homesites. (1) The maximum assessed value and
assessed value of a homesite shall be determined as provided in this section.
(2) A homesite
shall have an assessed value for ad valorem property tax purposes for the tax
year equal to the lesser of the homesite’s maximum assessed value or homesite
value.
(3) The homesite
value for purposes of ORS 308A.250 to 308A.259 shall equal the real market
value of the bare land of the total parcel and contiguous acres under same
ownership, as determined under ORS 308.205, divided by the number of acres in
the total parcel and contiguous acres under the same ownership, plus the lesser
of:
(a) $4,000; or
(b) The
depreciated replacement cost of land improvements necessary to establish the
homesite.
(4) For the
purposes of establishing a homesite value, the value of one acre of land for
each homesite, as determined in subsection (3) of this section shall be used.
(5) The homesite’s
maximum assessed value shall equal 103 percent of the homesite’s assessed value
for the previous tax year or 100 percent of the homesite’s maximum assessed
value for the previous tax year, whichever is greater.
(6) For the first
tax year for which property constitutes a homesite under this section, the
homesite’s maximum assessed value shall equal the homesite’s value as
determined under subsection (3) of this section multiplied by the ratio of
average maximum assessed value to real market value of the residential property
class in the county. [Formerly 308.377; 2003 c.169 §2]
Notes of Decisions
Hope Vill., Inc. v. Dep't of Revenue, 17 Or. Tax 370 (Or. T.C. 2004).
“107, ORS 308A.256. However, the legislature’s failure to enact a statute addressing qualified elderly housing property does not prevent taxpayers from receiving the constitutional benefits of Measure 50.”
Phillips v. Lane Cnty. Assessor (Or. T.C. 2012).
· cites it 8× “253(1) (― [l]and under a dwelling that is used * * * shall qualify for special assessment under ORS 308A.256‖). Special assessment translates to a lower value and lower taxes.”
Wait v. Clatsop Cnty. Assessor (Or. T.C. 2017).
“FINAL DECISION TC-MD 160298N 4 special assessment under ORS 308A.256.” ORS 308A.253(2). Use of a dwelling “in conjunction with farm use” includes use of the dwelling by an owner “who is engaged in the operation of the farm use land”; by an employee of the owner “who is employed…”
Curti v. Josephine Cnty. Assessor (Or. T.C. 2024).
““Land under a dwelling that is used in conjunction with the activities customarily carried on in the management and operation of forestland held or used for the predominant purpose of growing and harvesting trees of a marketable special shall qualify for special assessment under…”
Kincaid v. Jackson Cnty. Assessor (Or. T.C. 2013).
“253(1) states in pertinent part that “[l]and under a dwelling that is used in conjunction with the activities customarily carried on in the management and operation of forestland held or used for the predominant purpose of growing and harvesting trees of a marketable species…”
— Or. Rev. Stat. § 308A.256(4) — 1 case
Phillips v. Lane Cnty. Assessor (Or. T.C. 2012).
“253(1) (― [l]and under a dwelling that is used * * * shall qualify for special assessment under ORS 308A.256‖). Special assessment translates to a lower value and lower taxes.”
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