Valuation of Certain Agricultural Land to Reflect Value for Farm Use Only
(1)Certain farm properties are set aside under a government payment program such as the federally administered Conservation Reserve Program (CRP). The payments received for farmlands placed in these conservation programs must not be used as income for computing farm use values. Income data from similar lands that are not included in the conservation programs should be used instead to compute farm use values. New farm use values must be computed each year as though the land in the conservation programs was being used for a farm use.
(2)Values for farm use are to be determined on the basis of highest and best agriculture use, regardless of how the land is currently used and employed in agriculture.
(3)If the owner of land assessed as farm use land contends the assessor’s farm use value is not correct, the value may be appealed to the county Board of Property Tax Appeals as provided by ORS 309.100 (Petitions for reduction of property value). An appeal from an adverse decision of the board may be filed with the Magistrate Division of the Tax Court as provided by 305.275 (Persons who may appeal due to acts or omissions)(2) (also see 305.280 (Time for filing appeals)).
Rule 150-308-1080 — Valuation of Certain Agricultural Land to Reflect Value for Farm Use Only,