OAR 150-311-0240
Procedure to Correct MAV When Square Footage Error Exists

(1) For purposes of this rule, “Current RMV”, as used in subsection (4)(b), is defined as the RMV for the tax year of the petition. For example, a petition submitted in August 2016 will use the roll values for the 2016-2017 tax year to calculate the adjustment.
(2) To correct the maximum assessed value (MAV) of a property for an error in square footage, the assessor must receive a petition from either the current owner of the property or other person obligated to pay taxes imposed on the property. The petition must be filed with the county assessor on or before December 31 of the current tax year on a form prescribed by the department.
(3) The correction to MAV by the assessor must be in proportion to the correction to RMV due to the error in square footage.
(4) The proportion of error and resulting MAV are calculated as follows by the assessor:
(a) For properties described by a single component (for example, land only), use the following procedure to adjust MAV.
(b) For properties described by multiple components (for example, land and buildings, or more than one building or structure, or buildings and machinery), use either of the mathematically equivalent procedures in the short method or the long method in example B to adjust MAV.
(5) For a building that is valued by summing the individual value contributions from distinct portions of that building, the particular building portion affected by the square footage error may be considered as a separate component such as in example B above when making the correction to MAV. Examples of this type of building include but are not limited to a warehouse with attached offices or a house with an attached garage.
(6) Notwithstanding that a property’s MAV has been corrected due to a square footage error, the corrected MAV remains subject to adjustments required by ORS 308.146 (Determination of maximum assessed value and assessed value) to 308.166 (Ordering provisions when property is subject to multiple special determinations of value).
(7) Roll corrections pursuant to ORS 311.234 (Correction in maximum assessed value) are to be made using the procedures in 311.205 (Correcting errors or omissions in rolls).

Source: Rule 150-311-0240 — Procedure to Correct MAV When Square Footage Error Exists, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=150-311-0240.

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 150-311-0240’s source at or​.us