OAR 150-311-0210
Property Subject to Assessment as Omitted Property

(1)

Omitted property includes any real or personal property, or part thereof, that has been omitted from the certified assessment and tax roll for any reason. Omitted property may include, but is not limited to, a separate freestanding structure or improvement, an addition that increases the square footage of a structure or improvement, a remodel which increases a structure’s real market value, or real or personal property machinery and equipment.

(2)

Property may be added to the roll under ORS 311.216 (Notice of intention to add omitted property to rolls) if:

(a)

Omitted due to the assessor’s lack of knowledge of its existence,

(b)

Improvements are added to or made a part of a property after that property has been physically appraised, and are later discovered by the assessor,

(c)

Improvements have been included in error on another account,

(d)

Omitted from a return filed pursuant to ORS 308.290 (Returns), including understatement of costs for new property or improvements to property, or

(e)

Omitted for any other reason.

(3)

Improvements which are in existence and are an integral part of property which is physically appraised may not later be revalued and added as omitted property under ORS 311.216 (Notice of intention to add omitted property to rolls). Undervaluation of a property due to the assessor’s failure to consider a portion of the property is not omitted property correctable under 311.216 (Notice of intention to add omitted property to rolls).

(4)

When omitted property is discovered and its contribution to an account’s value is added under ORS 311.216 (Notice of intention to add omitted property to rolls), the value of the previously existing portion of the account cannot be adjusted.
Example 1: Two years after a reappraisal, a homesite is developed, and a new single family residence is constructed. The new construction and the site development are discovered on the next physical appraisal. The assessor adds the value of the single family residence and the site development as omitted property under ORS 311.216 (Notice of intention to add omitted property to rolls).
Example 2: “A” owns a parcel of land with a cabin on it. “A” divides the parcel and sells part to “B”, but retains the part with the cabin. The assessor incorrectly places the value of the cabin on “B’s” account. When the error is discovered, “B’s” value can be corrected under ORS 311.205 (Correcting errors or omissions in rolls), and “A’s” account must be corrected under ORS 311.216 (Notice of intention to add omitted property to rolls) as omitted property.
Example 3: During a physical appraisal the assessor adds no value contribution for a reinforced concrete floor, and a manger with steel stanchions in a loft barn. The assessor later realizes that the loft barn is undervalued. The reinforced concrete floor and manger with steel stanchions may not be added as omitted property under ORS 311.

Source: Rule 150-311-0210 — Property Subject to Assessment as Omitted Property, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=150-311-0210.

150–311–0100
Applying Offsets to Ad Valorem Tax Levies 150–311–0110
Form of Roll Changes and Notations 150–311–0140
What Is a Clerical Error 150–311–0150
Error Corrections and Valuation Judgment Under ORS 311.205 150–311–0160
Roll Correction for Nonexistent Property 150–311–0170
What is an “Error or Omission on the Roll of Any Kind” 150–311–0180
Corrections to County Assessment and Tax Rolls Made Under ORS 311.206 150–311–0190
Taxes Added to the Tax Roll as a Result of Error Correction 150–311–0200
Definition of “Distribute in the Same Manner as Other ad Valorem Property Taxes Imposed on the Property” for Error Corrections 150–311–0210
Property Subject to Assessment as Omitted Property 150–311–0220
Date Roll Corrected 150–311–0230
Definitions 150–311–0240
Procedure to Correct MAV When Square Footage Error Exists 150–311–0250
Contents of Property Tax Statements 150–311–0260
Prepayment of Property Taxes 150–311–0350
Written Direction Required for Payment Application from Agents Who Pay Taxes on Behalf of Taxpayer 150–311–0360
Monthly Tax Distributions to Districts 150–311–0500
Discount on Taxes as a Result of Addition of Current Year Value under ORS 311.208 150–311–0520
Date Property Becomes Exempt when Foreclosed by City for Delinquent Assessment Liens 150–311–0530
Interest on City Foreclosed Property 150–311–0540
“Certificate of Delinquency” Defined 150–311–0550
Interest on State of Oregon Foreclosed Property 150–311–0560
Fee for Service of Warrant Under ORS 311.605 to ORS 311.635 150–311–0570
Charges on the Personal Property Warrant 150–311–0650
Homestead Requirements 150–311–0656
Deferral criteria when applying with a reverse mortgage 150–311–0660
Data Requirements for Property Description on Tax Deferral Application 150–311–0670
Deferred Taxes Paid by the Department 150–311–0680
Senior Citizen’s Deferred Tax Lien Estimate 150–311–0690
Timing and Repayment of Disqualified, Cancelled or Inactivated Accounts Under the Property Tax Deferral Program 150–311–0700
Election by Spouse to Continue Tax Deferral 150–311–0710
Voluntary Payments on Property Tax Deferral Accounts 150–311–0720
Taxes Unpaid Before Approval of Senior Deferral Application 150–311–0730
Data Requirements for Property Description on Special Assessments Application 150–311–0740
Recording Special Assessment Deferral Liens in County 150–311–0750
Assessment District’s Responsibility to Collect Payments 150–311–0760
Process for Determining Recipient of Property Tax Refund 150–311–0770
Refunds Paid from the Unsegregated Tax Account 150–311–0780
Credit Balance Adjustment 150–311–0790
Refund Reserve Account 150–311–0800
Calculation of Interest on Refund 150–311–0810
Value Used to Activate Refund Reserve Account 150–311–0820
Prepayment of Ad Valorem Taxes, Computation of Accrued Interest, Allocation of Pay 150–311–0830
Determination of the Real Market Value Reduction Amount
Last Updated

Jun. 8, 2021

Rule 150-311-0210’s source at or​.us