71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
HA to HB 2440
 
LC 428/HB 2440-2
 
                       HOUSE AMENDMENTS TO
                         HOUSE BILL 2440
 
     By COMMITTEE ON SCHOOL FUNDING AND TAX FAIRNESS/REVENUE
 
                             May 29
 
  On page 1 of the printed bill, line 2, after 'taxation ' insert
a period and delete the rest of the line.
  Delete lines 4 through 30 and delete pages 2 through 4 and
insert:
  '  { +  SECTION 1. + }  { + Section 2 of this 2001 Act is added
to and made a part of ORS chapter 311. + }
  '  { +  SECTION 2. + }  { + (1) Notwithstanding ORS 311.205
(1)(b), the current owner of property or other person obligated
to pay taxes imposed on property may petition the county assessor
for a correction in the maximum assessed value of the property
for the current tax year.
  ' (2) Pursuant to a petition filed under this section, the
assessor may correct the maximum assessed value of the property
for the current tax year if there is a demonstrated difference
between the actual square footage of the property as of the
assessment date for the current tax year and the square footage
of the property as shown in the records of the assessor for the
tax year.
  ' (3) The correction made under this section may not be
proportionally different from the proportional difference between
the original square footage of the property as shown in the
assessor's records and the actual square footage of the property
as of the assessment date for the current tax year.
  ' (4) Notwithstanding subsection (3) of this section, the
correction made under this section may not cause the maximum
assessed value of the property to increase by more than three
percent from the maximum assessed value of the property for the
preceding tax year.
  ' (5) A petition filed under this section must be on the form
and contain the information prescribed by the Department of
Revenue and must be filed with the county assessor on or before
December 31 of the current tax year.
  ' (6) A decision by the assessor pursuant to a petition filed
under this section may be appealed under ORS 305.275. + }
  '  { +  SECTION 3. + }  { + Section 2 of this 2001 Act applies
to tax years beginning on or after July 1, 2002. + } ' .
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