In short: property taxes in the USA (Oregon)


Property taxes

Taxable value

How is the property’s value assessed for tax purposes in your state? What types of property are taxable?

For locally assessed taxpayers, a taxpayer is only required to include the value of their tangible and real personal property in their Oregon property tax base. However, a centrally assessed taxpayer is required to include the value of his tangible and intangible real and intangible personal property in his tax base. This disparity between the assessment of locally and centrally assessed taxpayers is what is currently in the foreground. Recently, the Oregon Supreme Court upheld a Tax Court ruling that centrally assessed taxpayers are assessed using a commercial enterprise methodology, in which the value of shares of the business on the date of the lien is used for property tax purposes.

State rate

What is the state property tax rate?

It varies.

Local rates

What is the range of local property tax rates levied in your state?

It varies.

Exemptions and deductions

What exemptions and deductions are available?

Oregon offers over 100 full or partial property tax exemptions. Some of the more notable programs include a postponement program for seniors and veterans. In addition, the state also offers several assessment programs, which provide for lower assessment values. Historic properties, agricultural land, forest land and conservation easements are some examples of the type of properties for which a special appraisal program may be available.

While this is not a traditional “waiver” or “deduction,” all Oregon properties are subject to certain appraisal limits. Specifically, two voting initiatives, Measures 50 and 5, adopted by voters in the mid-1900s, capped values ​​and rates, respectively. With respect to values, measure 50 prohibits values ​​from increasing by more than 3 percent per year, the 1997 value being the starting point for the ceiling. Based on these caps, Oregon property taxes have generally remained below the national average, with the exception of taxpayers assessed centrally on the basis of the requirement that intangibles be included in the base. property tax for these taxpayers.

Submission requirements

What filing requirements and procedures apply?

Centrally assessed taxpayers are required to file an annual return. The annual declaration is due for taxpayers subject to central taxation as follows:

  • no later than March 15 for class A electricity, communication, gas, water transport, pipeline, air transport and private companies;
  • by February 1 at the latest for railways, small water and heating companies, toll bridges and small electricity companies; and
  • no later than March 1 for mutual and cooperative electricity distribution networks.

Extensions are available; however, the original roll must certify in August of each year.

Tangible personal property, including machinery, equipment, furniture, etc., previously or currently used in a business is subject to Oregon property tax and, for locally assessed taxpayers, is assessed in the county in which they are located on January 1 (Oregon valuation date). Every individual, partnership, business or corporation that owns taxable personal property must file a return no later than March 15.

  • no later than March 15 for electricity, communication, gas, water transport, pipeline, air transport and class A private railcars;
  • by February 1 at the latest for railways, small water transport companies, heating, toll bridges and small electricity companies; and
  • no later than March 1 for mutual and cooperative electricity distribution networks.

Extensions are available; however, the original roll must certify in August of each year.

Tangible personal property, including machinery, equipment, furniture, etc., previously or currently used in a business is subject to Oregon property tax and, for locally assessed taxpayers, is assessed in the county in which they are located on January 1 (Oregon valuation date). Every individual, partnership, business or corporation that owns taxable personal property must file a return no later than March 15.

Real estate transfer tax

How is the transfer of real estate taxed in your state (including tax base, rates, exemptions and filing formalities)?

Taxes on real estate transfers are prohibited in Oregon with one exception. Washington County imposes a tax on real estate transfers at the rate of one dollar per thousand dollars of the sale price. Washington County’s transfer tax was protected when the state passed its law prohibiting such taxes.



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