Current through Register Vol. 61, No. 4, April 1, 2022
(1) Omitted property includes any real or
personal property, or part thereof, that has been omitted from the certified
assessment and tax roll for any reason. Omitted property may include, but is
not limited to, a separate freestanding structure or improvement, an addition
that increases the square footage of a structure or improvement, a remodel
which increases a structure's real market value, or real or personal property
machinery and equipment.
Property may be added to the roll under ORS
(a) Omitted due to the assessor's lack of
knowledge of its existence,
Improvements are added to or made a part of a property after that property has
been physically appraised, and are later discovered by the assessor,
(c) Improvements have been included in error
on another account,
from a return filed pursuant to ORS
understatement of costs for new property or improvements to property, or
(e) Omitted for any other reason.
(3) Improvements which
are in existence and are an integral part of property which is physically
appraised may not later be revalued and added as omitted property under ORS
311.216. Undervaluation of a
property due to the assessor's failure to consider a portion of the property is
not omitted property correctable under
When omitted property is discovered and
its contribution to an account's value is added under ORS
, the value of the
previously existing portion of the account cannot be adjusted.
Example 1: Two years after a reappraisal, a
homesite is developed, and a new single family residence is constructed. The
new construction and the site development are discovered on the next physical
appraisal. The assessor adds the value of the single family residence and the
site development as omitted property under ORS 311.216.
Example 2: "A" owns a parcel of land with a
cabin on it. "A" divides the parcel and sells part to "B", but retains the part
with the cabin. The assessor incorrectly places the value of the cabin on "B's"
account. When the error is discovered, "B's" value can be corrected under ORS
311.205, and "A's" account must
be corrected under ORS
311.216 as omitted
Example 3: During a
physical appraisal the assessor adds no value contribution for a reinforced
concrete floor, and a manger with steel stanchions in a loft barn. The assessor
later realizes that the loft barn is undervalued. The reinforced concrete floor
and manger with steel stanchions may not be added as omitted property under ORS
Admin. R. 150-311-0210
RD 6-1986, f.
& cert. ef. 12-31-86; RD 8-1991, f. 12-30-91, cert. ef. 12-31-91; RD
6-1994, f. 12-15-94, cert. ef. 12-30-94; REV 8-1998, f. 11-13-98, cert. ef.
12-31-98, Renumbered from 150-311.207; REV 4-2011, f. 12-30-11, cert. ef.
1-1-12; Renumbered from 150-311.216,
28-2016, f. 8-12-16, cert. ef.
Stat. Auth.: ORS
Stats. Implemented: ORS