OAR 150-308-0585: Procedure for Determining Oregon Property Value for Private Railroad Car Companies

(1) Private car companies shall report the total miles their railroad cars traveled on the railroads in Oregon and the corresponding total system mileage for the prior two calendar years as part of their annual report to the Department of Revenue. If complete information for the most recent year is not available at the time the report is required, the company shall report its best estimate based on the information it has available at that time. (2) The department shall determine Oregon’s equivalent number of railroad cars for allocation purposes by use of the ratio of Oregon mileage to the system total for the prior year. This ratio shall be adjusted for any corrections of the previous estimated mileage report. The resulting ratio shall be applied to the average number of cars in the fleet for which the mileage was reported to determine the average car presence in Oregon.