Current through Register Vol. 61, No. 4, April 1, 2022
An open space ratio must be applied to
the open space special assessed value of newly designated open space lands to
determine a maximum specially assessed value. The Department of Revenue will
annually calculate a statewide ratio for open space lands.
(a) Counties with 10 or more open space
accounts must develop and apply their own ratio.
(b) Counties having less than 10 open space
accounts must use the statewide ratio.
The ratio is calculated by dividing:
(a) The total current year maximum specially
assessed value of land for all open space accounts (prior year's maximum
specially assessed value multiplied by 103 percent), by
(b) The total current year specially assessed
value of land for the same open space accounts.
(3) Only land that is specially assessed as
open space may be used in the open space ratio calculation.
Property that may not be used in
developing the open space ratio calculation includes:
(a) Land that is valued under another special
(b) Land that
does not qualify for open space assessment;
(c) Any portion of an account that is
assessed at market value, such as buildings;
(d) New open space accounts; and
(e) Disqualified accounts.
Admin. R. 150-308-1150
RD 9-1997, f.
& cert. ef. 12-31-97; REV 2-2002, f. 6-26-02, cert. ef. 6-30-02, Renumbered
from 150-308.765; Renumbered from 150-308A.315(4),
25-2016, f. 8-12-16, cert. ef.
Stat. Auth.: ORS
Stats. Implemented: ORS