Statutes, codes, and regulations
Oregon Administrative Code
Chapter 150 - DEPARTMENT OF REVENUE
Division 308 - ASSESSMENT OF PROPERTY FOR TAXATION
Section 150-308-0220 - Exemption, Partial Exemption or Special Assessment Disqualification - Allocating MAV

Or. Admin. Code § 150-308-0220

Download
PDF
Current through Register Vol. 63, No. 10, October 1, 2024
Section 150-308-0220 - Exemption, Partial Exemption or Special Assessment Disqualification - Allocating MAV

When an exempt, partially exempt or specially assessed property is disqualified after January 1 of the assessment year preceding the current assessment year and before January 1 of the current assessment year, a new MAV for the account must be calculated. The new MAV total will be the MAV of any unchanged portion and the new MAV of any disqualified portion. The new MAV of the disqualified portion is the RMV multiplied by the appropriate changed property ratio.

Or. Admin. Code § 150-308-0220

REV 4-1998, f. & cert. ef. 6-30-98; Renumbered from 150-308.010, REV 58-2016, f. 8-13-16, cert. ef. 9-1-16; Renumbered from 150-308.156(5)-(D), REV 58-2016, f. 8-13-16, cert. ef. 9/1/2016; REV 32-2018, amend filed 12/31/2018, effective 1/1/2019

Statutory/Other Authority: ORS 305.100

Statutes/Other Implemented: ORS 308.156