Chapter 423 Oregon Laws 2001

AN ACT

HB 2613

Relating to boards of property tax appeals; amending ORS 308.242.

Be It Enacted by the People of the State of Oregon:

SECTION 1. ORS 308.242 is amended to read:

308.242. (1) The assessor shall make no changes in the roll after September 25 of each year except as provided in subsections (2) and (3) of this section or as otherwise provided by law.

(2) After the assessment roll has been certified and on or before December 31, the assessor may make changes in valuation judgment that result in a reduction in the value of property, if:

(a) So requested by the taxpayer or upon the assessor’s own initiative; and

(b) No petition for a reduction in value has been filed with the board of property tax appeals.

(3) Any changes made under subsection (2) of this section shall be made in the manner specified in ORS 311.205 and 311.216 to 311.232.

(4)(a) If a petition for reduction has been filed with the board of property tax appeals, the assessor may stipulate to a change in valuation judgment that results in a reduction in value. The stipulation may be made at any time up until the convening of the board.

(b) All stipulations agreed to by the assessor and the petitioner shall be delivered to the clerk of the board prior to the [first Monday in February] convening of the board.

(c) As used in this subsection, “stipulation” means a written agreement signed by the petitioner and the assessor that specifies a reduction in value to be made to the assessment and tax roll.

Approved by the Governor June 18, 2001

Filed in the office of Secretary of State June 18, 2001

Effective date January 1, 2002

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