Chapter 36 Oregon Laws 2003

AN ACT

HB 2025

Relating to taxation; creating new provisions; amending ORS 308.242; and prescribing an effective date.

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] may not make 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)] (3)(a) If a petition for reduction has been filed with the board of property tax appeals, the assessor may change the roll if the assessor and the petitioner 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 under this subsection shall be delivered to the clerk of the board prior to the 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.

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

SECTION 2. The amendments to ORS 308.242 by section 1 of this 2003 Act apply to changes to the assessment and tax roll made on or after the effective date of this 2003 Act.

SECTION 3. This 2003 Act takes effect on the 91st day after the date on which the regular session of the Seventy-second Legislative Assembly adjourns sine die.

Approved by the Governor April 1, 2003

Filed in the office of Secretary of State April 2, 2003

Effective date November 26, 2003

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