Current through Register Vol. 61, No. 4, April 1, 2022
county assessor shall compute the tax rate for each district that levies an ad
valorem tax by dividing the district's levy after offsets by the assessed value
used to compute the tax rate. The computed tax rate shall be carried to seven
decimal places and truncated. A separate tax rate shall be calculated for each
category of levy of a taxing district.
(2) In the event that total taxes extended
against a property exceed the limitation imposed on a category of taxes defined
by Subsection (1) of Section 11b, Article XI of the Oregon Constitution, the
taxes imposed upon such property in that category shall be reduced evenly by
the percentage necessary to meet the limitation for that category as defined in
(3) For each property in
the county, those taxes to be imposed for the purpose of funding the public
school system, but not to pay principal and interest on exempt bonded
indebtedness, shall be limited to the amount provided in the following schedule
for each $1,000 of real market value of the property: [Schedule not included.
See ED. NOTE.]
(4) For each
property in the county, those taxes to be imposed for the purpose of funding
other government operations, but not to pay principal and interest on exempt
bonded indebtedness, shall be limited to $10 for each $1,000 of real market
value of the property.
(5) If the
taxes in either category to be imposed on any property exceed the limit
established for that category in Subsection (3) and (4) of this section, the
assessor shall reduce the taxes by applying a reduction percentage. The
reduction percentage shall be calculated by subtracting the limit for the
category from the total taxes to be imposed in that category and dividing the
difference by the amount of the combined tax in the category. The assessor
shall then subtract from the taxes that would otherwise be imposed, that
proportion of the taxes in the category obtained by multiplying the reduction
percentage times the taxing unit's total tax within the category.
(6) After application of the reduction
percentage to the taxes within each category, the total amount of taxes to be
imposed on the property in either category may be different from the maximum
amount that may be imposed due to rounding. In such a case, the tax amount for
the district that has the greatest amount of taxes in that category shall be
adjusted so that the amount of taxes to be imposed is equal to the maximum that
may be imposed.
(7) The reduction
percentage shall be carried to at least seven (7) digits.
(8) Alternately, the county may use the
reciprocal of the reduction percentage to determine the amount of taxes that
may be imposed on a property. When using the reciprocal, the amount of taxes
imposed is calculated by multiplying the taxes extended by the reciprocal
percentage. The result is the amount of taxes imposed.
(9) The difference between the taxes imposed
and the taxes extended is the amount of loss reported by the assessor under ORS
(10) When computing additional taxes for
specially assessed properties that were disqualified prior to June 30, 1991, no
compression of taxes is required. If specially assessed property is
disqualified for tax year beginning on or after July 1, 1991, the provisions of
apply for computing the additional taxes. (The maximum tax will be based on the
real market value of the property for each year of special assessment).
[Example not included. See ED. NOTE.]
Admin. R. 150-310-0050
f. 12-18-87, cert. ef. 12-31-87; 6-1988(Temp), f. & cert. ef. 9-2-88 thru
12-31-88; RD 9-1988, f. 12-19-88, cert. ef. 12-31-88; RD 3-1991, f. 12-30-91,
cert. ef. 12-31-91; Renumbered from 150-310.090,
24-2016, f. 8-11-16, cert. ef.
19-2017, f. & cert. ef.
Schedules and examples referenced are available from the
Stat. Auth.: ORS
Stats. Implemented: ORS