OAR 150-309-0190
Adjudicated Value Calculation for Centrally Assessed Property

Properties assessed under ORS 308.505 (Definitions for ORS 308.505 to 308.674) to 308.660 (centrally assessed property), which have adjudicated values, must be adjusted during the subsequent five year period to reflect changes in value due to additions, retirements, and economic trends.

(1)

Because of the complex interactions of the numerous variables involved in the unitary appraisal of centrally assessed properties, the adjustment due to additions, retirements, and economic trends will be determined in the following manner:

(a)

An appraisal of the property will be made by the department for the year for which the adjudicated value was established and for each of the subsequent years, following the methods and procedures used to develop the adjudicated value at the trial or hearing where the adjudicated value was determined.

(b)

If no method or procedure was developed in reaching the adjudicated value, the methodology used should be consistent with that used for all similar properties. The value determined by the department’s appraisal for the current assessment year will be divided by the value determined by the department’s appraisal (not adjudicated value) for the assessment year immediately prior. This ratio will be applied to the “adjudicated” value of the prior assessment year to develop the “adjudicated” value for the current year’s assessment.

(2)

Intentionally left blank —Ed.

(a)

If no method or procedure was developed in reaching the adjudicated value, an alternate procedure will be used for closely regulated public utility properties. The properties to which this alternate procedure applies must meet both the following conditions:

(A)

The property must be used to provide or distribute electricity, natural gas, or local telephone exchange service to the public; and

(B)

Rates charged and revenues received by the property owners are regulated by an Oregon regulatory agency based on depreciated historical cost.

(b)

The alternate procedure for determining the current year adjudicated value for the properties described in (a) is as follows:

(A)

The book value of the unit of property, both within and outside Oregon, will be determined by the department for the year in which the adjudicated value was established and for each of the subsequent years.

(B)

The book value for the current year will be divided by the book value for the prior year.

(C)

The ratio determined above will be multiplied by the prior year adjudicated value (system basis) to develop the current year adjudicated value (system basis).

(D)

The current year adjudicated value (system basis) will be allocated to Oregon using the department’s allocation methods used for similar properties.

(E)

Adjustments will be made to the allocated value by adding taxable property not included in the system value or by subtracting noncentrally assessable property included in the system value. Adjustments must be made at the same percentage of book value as found for the current year adjudicated value (system basis).

Source: Rule 150-309-0190 — Adjudicated Value Calculation for Centrally Assessed Property, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=150-309-0190.

150‑309‑0010
Training for Board of Property Tax Appeals (BOPTA) Members 150‑309‑0020
Record of Board of Property Tax Appeals Meetings 150‑309‑0030
Limitations on Increase in Value by Board of Property Tax Appeals 150‑309‑0040
BoPTA Lack of Jurisdiction for Designated Utilities and Companies Assessed by the Department 150‑309‑0050
Nonoffice-holding Residents Appointed to Board of Property Tax Appeals (BOPTA) Pools 150‑309‑0060
Records Included in Journal of Governing Body 150‑309‑0070
Filing Petitions With The Board of Property Tax Appeals (BOPTA) 150‑309‑0080
Withdrawing Petitions Filed with a Board of Property Tax Appeals 150‑309‑0090
Contents of Board of Property Tax Appeals (BOPTA) Petitions 150‑309‑0100
Board of Property Tax Appeals (BOPTA) Defective and Amended Petition Process 150‑309‑0110
Those Authorized to Sign Petitions to the Board of Property Tax Appeals (BOPTA) 150‑309‑0120
BOPTA Hearing Notice Mailed to Representative 150‑309‑0130
Definition of Person Who Holds an Interest in the Property and Procedures for Transfers of Ownership or Interest 150‑309‑0140
Board of Property Tax Appeals (BOPTA) Procedures When Roll Changed after Petition is Filed 150‑309‑0150
Contents of Board Order for Property not Specially Assessed 150‑309‑0160
Mailing of Board Orders 150‑309‑0170
Adjustments to Personal Property Value 150‑309‑0180
Disposition of Appeals of Property Assessed as an Undivided Interest 150‑309‑0190
Adjudicated Value Calculation for Centrally Assessed Property 150‑309‑0200
Adjudicated Value Applied to Component Appealed 150‑309‑0210
Trending and Indexing an Adjudicated Value 150‑309‑0220
Additions, Remodeling and Rehabilitation 150‑309‑0230
Assessor’s Ratio Study for Tax Purposes: Definitions 150‑309‑0240
Contents of the Assessor’s Certified Ratio Study 150‑309‑0250
Preparation of the Sales Ratio Study 150‑309‑0260
Administration of Appeals Process 150‑309.360
Migrated from Repeals and Renumbers file
Last Updated

Jun. 8, 2021

Rule 150-309-0190’s source at or​.us