Form 150-310-083 - Application For Reassessment Of Destroyed Or Damaged Property - Oregon Department Of Revenue Page 2
Download a blank fillable Form 150-310-083 - Application For Reassessment Of Destroyed Or Damaged Property - Oregon Department Of Revenue in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 150-310-083 - Application For Reassessment Of Destroyed Or Damaged Property - Oregon Department Of Revenue with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2You may request real market and assessed value determination
as of July 1 for property destroyed or damaged between January 1 and July 1
The real market value and assessed value of property is determined
the condition of the property on July 1, rather than the condition
as of January 1 each year. This is called the assessment date. The
the previous January 1. If you plan to make major improvements
tax year is July 1 through June 30. Property taxes due in November
to your property before July 1, you may want to keep your assess-
for the tax year are based on the values as of the previous January
ment date on January 1. The change of assessment date to July 1 is
1 assessment date.
for one tax year.
If your property is damaged or destroyed between January 1 and
If you choose not to have your property values determined as of
July 1, you can apply to have your property values determined as
July 1, then any change to the condition of your property will not be
of July 1. That way the property taxes due in November will reflect
reflected on the roll until the next January 1 assessment date.
Appealing a decision of the assessor
If you wish to appeal a value due to reassessment as of July 1, you
in the county where the property is located. You can get petition
may file an appeal with the county board of property tax appeals
forms and information from your county clerk or at
(BOPTA). File your petition by December 31 with the county clerk
gov/DOR/PTD/BOPTA.shtml.
Damaged or destroyed property law
308.146. Determination of maximum assessed value and assessed
person in possession or owner in the case of personal property, may
value; reduction in maximum assessed value following property
apply to the county assessor to have the real market and assessed
destruction; effect of conservation or highway scenic preservation
value of the property determined as of July 1 of the current assess-
easement. (1) The maximum assessed value of property shall equal
ment year.
103 percent of the property’s assessed value from the prior year or
(b) The person described in paragraph (a) of this subsection shall
100 percent of the property’s maximum assessed value from the
file an application for assessment under this section with the county
prior year, whichever is greater.
assessor on or before the later of:
(2) Except as provided in subsections (3) and (4) of this section, the
(A) August 1 of the current year; or
assessed value of property to which this section applies shall equal
(B) The 60th day following the date on which the property was
the lesser of:
damaged or destroyed.
(a) The property’s maximum assessed value; or
(c) If the conditions described in this subsection are applicable to
(b) The property’s real market value.
the property, then notwithstanding ORS 308.210, the property shall
(3) Notwithstanding subsections (1) and (2) of this section, the
be assessed as of July 1, at 1:00 a.m. of the assessment year, in the
maximum assessed value and assessed value of property shall be
manner otherwise provided by law.
determined as provided in ORS 308.149 to 308.166 if:
(7)(a) Paragraph (b) of this subsection applies if:
(a) The property is new property or new improvements to
(A) A conservation easement or highway scenic preservation ease-
property;
ment is in effect on the assessment date;
(b) The property is partitioned or subdivided;
(B) The tax year is the first tax year in which the conservation ease-
(c) The property is rezoned and used consistently with the
ment or highway scenic preservation easement is taken into account
rezoning;
in determining the property’s assessed value; and
(d) The property is first taken into account as omitted property;
(C) A report has been issued by the county assessor under ORS
(e) The property becomes disqualified from exemption, partial
271.729 within 12 months preceding or following the date the ease-
exemption or special assessment; or
ment was recorded.
(f) A lot line adjustment is made with respect to the property, except
(b) The assessed value of the property shall be as determined in the
that the total assessed value of all property affected by a lot line
report issued under ORS 271.729, but may be further adjusted by
adjustment shall not exceed the total maximum assessed value of
changes in value as a result of any of the factors described in ORS
the affected property under subsection (1) of this section.
309.115 (2), to the extent adjustments do not cause the assessed value
(4) Notwithstanding subsections (1) and (2) of this section, if
of the property to exceed the property’s maximum assessed value.
property is subject to partial exemption or special assessment, the
(8)(a) Notwithstanding subsection (1) of this section, when a build-
property’s maximum assessed value and assessed value shall be
ing is demolished or removed from property, for the year in which
determined as provided under the provisions of law governing the
the demolishment or removal of the building is reflected by a
partial exemption or special assessment.
reduction in real market value, the maximum assessed value of the
(5)(a) Notwithstanding subsection (1) of this section, when a portion
property may be reduced to reflect the demolishment or removal
of property is destroyed or damaged due to fire or act of God, for the
of the building.
year in which the destruction or damage is reflected by a reduction
(b) This subsection does not apply:
in real market value, the maximum assessed value of the property
(A) To any property that is assessed under ORS 308.505 to 308.665.
shall be reduced to reflect the loss from fire or act of God.
(B) If the demolished or removed property is property that, when
(b) This subsection does not apply:
added to the assessment and tax roll, constituted minor construction
(A) To any property that is assessed under ORS 308.505 to 308.665.
for which no adjustment to maximum assessed value was made.
(B) If the damaged or destroyed property is property that, when
(c) As used in this subsection, “minor construction” has the meaning
added to the assessment and tax roll, constituted minor construction
given that term in ORS 308.149.
for which no adjustment to maximum assessed value was made.
(c) As used in this subsection, “minor construction” has the meaning
If your property was damaged or destroyed by fire or an act of
given that term in ORS 308.149.
God, you may apply for proration of property taxes per ORS
(6)(a) If, during the period beginning on January 1 and ending
on July 1 of an assessment year, any real or personal property is
308.428. The application for proration is available from the
county tax collector or the Oregon Department of Revenue
destroyed or damaged, the owner or purchaser under a recorded
(form 150-310-083).
instrument of sale in the case of real property, or the person assessed,
150-310-084 (12-07)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form 150-310-083 - Application For Proration Of Property Taxes Due To Damage By Fire Or Act Of God/application For Reassessment Of Values Due To Fire Or Act Of God
Financial
Form 150-310-020 - Application For Cancellation Of Assessment On Commercial Facilities Under Construction Or Construction
Legal
Form 150-310-020 - Application For Cancellation Of Assessment On Commercial Facilities Under Construction - 2001
Financial
Form 150-310-092 - Application For Correction Of Maximum Assessed Value Due To Error In Square Footage
Financial
Form 150-310-020 - Application For Cancellation Of Assessment On Commercial Facilities Under Construction
Financial
Form 150-310-092 - Application For Correction Of Maximum Assessed Value Due To Error In Square Footage
Financial
Related Categories
Parent category: Financial