Source: https://www.oregonlaws.org/ors/308.425
Timestamp: 2019-05-22 11:51:39
Document Index: 203865605

Matched Legal Cases: ['§1', '§1', '§1', '§20', '§61', '§1', '§132', '§196', '§1', '§64', '§2', '§2']

ORS 308.425 - Taxes on destroyed or damaged property - 2017 Oregon Revised Statutes
2017 ORS Vol. 8 Chapter 308 Section 308.425
2017 ORS 308.425¹
(3)(a)(A) For property that is totally destroyed, the tax collector shall collect only one-twelfth of the taxes imposed on the property for the tax year, for each month or fraction of a month that the property was in existence during the tax year. The tax collector shall cancel the remainder of the taxes imposed on the property for the tax year.
(b) If proration under this subsection results in an overpayment of taxes paid, the amount of the overpayment shall be refunded in the manner prescribed in ORS 311.806 (Refund of taxes on real and personal property).
(4) That portion of the property that is damaged property and that is subsequently repaired shall be considered to be new property or new improvements to property under ORS 308.153 (New property and new improvements to property) for the assessment year in which the repairs or replacements are first taken into account. [1971 c.497 §1; 1974 c.14 §1; 1975 c.778 §1; 1975 c.780 §20; 1981 c.804 §61; 1983 c.85 §1; 1991 c.459 §132a; 1997 c.541 §196; 1999 c.20 §1; 2003 c.655 §64; 2007 c.450 §2; 2015 c.31 §2]
Partial value reduc­tion formula is unconstitu­tional because under Article XI, sec­tion 11b, assessed value must be reduced to min­i­mum value during tax year. Shatzer v. Dept. of Revenue, 13 OTR 436 (1996), aff’d on other grounds, 325 Or 211, 934 P2d 1119 (1997)
“Act of God” excludes all circumstances produced by human agency, including lack of due care or foresight. Clark v. Multnomah County Assessor, 17 OTR 72 (2003)