ORS 308.232: Property to be valued at 100 percent real market value and assessed at assessed value.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
All real or personal property within each county not exempt from ad valorem property taxation or subject to special assessment shall be valued at 100 percent of its real market value. Unless the property is subject to maximum assessed value adjustment under ORS 308.149 to 308.166, the property shall be assessed at the property’s assessed value determined under ORS 308.146. [1953 c.701 §2; 1959 c.519 §1; 1961 c.243 §1; 1967 c.293 §6; 1979 c.241 §33; 1981 c.804 §39; 1985 c.613 §8; 1991 c.459 §97; 1997 c.541 §159]
Administrative rules citing this section
This rule cites
- ORS 308.149 — resolved
- 308.166 — resolved
- ORS 308.146 — resolved
Cited by
- ORS 294.175: Definitions; county expenditures for assessment; determination of adequacy; certification of adequacy; appeal of denial of certification; effect of certification.
- ORS 307.050: Property of the United States held under contract of sale.
- ORS 307.060: Property of the United States held under lease or other interest less than fee; deduction for restricted use.
- ORS 307.867: Termination of zone; effect of termination.
- ORS 308.062: Action by department when appraisals not being conducted as provided by law; reimbursement of department costs.
- ORS 308.135: Trustee or personal representative separately assessed; valuation of property held as representative.
- ORS 308.260: Watercraft used for reduction or processing of deep-sea fish; machinery and equipment; assessment; taxation.
- ORS 308.411: Appraisal and real market valuation of industrial plants; rules.
- ORS 308.456: Application of ORS 308.450 to 308.481; standards for processing certificate applications.
- ORS 308.459: Valuation of rehabilitated property not to be increased; effect of filing date of certificate.
- ORS 309.203: Real market value standard; compliance; recommendations or orders by department; examination of ratio study; action if standard in jeopardy.
- ORS 321.349: Valuation of certain forestland at farm use value.
- ORS 321.354: Common ownership minimum acreage requirements; specially assessed value and maximum assessed value of forestland of large landowners.
- ORS 321.367: Forestland management; effect of failure to manage forestland in accordance with management plan; rules.
- ORS 321.833: Common ownership minimum acreage requirements; specially assessed value and maximum assessed value of forestland of large landowners.
- ORS 390.364: Taxation of lands subject to scenic easements.
- ORS 390.915: Determination of value of scenic easement for tax purposes; easement exempt.
- ORS 390.983: Trail property tax assessment.
- OAR 150-294-0110: Definition: Certification of Compliance. Plan to Achieve Adequacy
- OAR 150-294-0130: Alternative Method for Certification
- OAR 150-308-0380: Appraisal of Real Property
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors308.html