Oregon state property tax guideline pdf download

The property tax system is one of the most important sources of revenue for more than 1, local taxing districts in Oregon. Property taxes rely on county assessment and taxation offices to value the property, calculate and collect the tax, and distribute the money to taxing districts. We provide support and oversight to counties to ensure uniformity and equity in property tax administration. Appraisal is the process of identifying taxable property and assigning a value to it.

County assessors appraise most Oregon property. We appraise certain large industrial sites and utility properties. The value of property is determined as of January 1 of each year.

Property subject to taxation includes all privately owned real property land, buildings, and fixed machinery and equipment , manufactured homes, and personal property used in a business. There is no property tax on:. Taxing districts subject to Oregon's Local budget law prepare their budgets for the coming fiscal year.

During this process, the budget committee and governing body determine the amount of property taxes the district needs to support the budget. Public meetings are held to gather community feedback.

Taxing districts have constitutional and statutory limitations on the amount of taxes they can impose:. The county assessor places the taxes certifies by the taxing districts on the tax roll in the Fall of each year. In most cases, the taxes for operations are the permanent rate limits certified by the districts. When a district certified a dollar amount tax levy, such as a local option tax or bond tax, the assessor must calculate a tax rate.

To compute a tax rate, the tax levy amount is divided by the taxable assessed value of the property in the district. This tax rate is placed on the individual property tax accounts in the district.

The return assists the assessor in determining the value of the property. All returns that are filed late receive a penalty.

The penalty is a percentage of the taxes and is 5 percent, 25 percent, or 50 percent depending on how late the return is filed. You'll receive a tax statement after October 25 showing the value of the personal property, the amount of tax due, and any late filing penalty. You have the right to appeal if you feel the county assessor has estimated the value of your taxable property incorrectly.

The appeal is to the county Board of Tax Appeals and must be submitted by December You do not need to be present to have your complaint heard. Visit our forms and publications center to download personal property forms and instructions. Menu Oregon. Agency Main Content. Examples of non-taxable personal properties: Inventories that are held for sale in the ordinary course of business. Household goods, furniture, clothing, tools, and equipment exclusively for personal use in your home.

Farm machinery and equipment ORS