OAR 150-222-0100: Phase in of City Tax Rate

(1) Cities that use the provisions of ORS 222.111 shall certify their ad valorem property taxes as outlined in this rule. (2) When a city certifies taxes under ORS 310.060 it shall include an additional schedule setting forth the ratio of the rate in the annexed area to the highest rate of taxation for city purposes to other property in the city as provided in the annexing ordinance. It is the responsibility of the city to inform the assessor of the ratio to be applied in each portion of the city according to the phase in provisions. (3) When final value for the tax year is known, the assessor shall calculate the city tax rates based on the ratio schedule included with the city notice of property tax certification. (4) At the time of adoption of the ordinance that will phase-in the tax rate, the city shall notify the assessor’s office and the assessor shall establish separate code areas for each territory subject to phase-in.