Or. Admin. R. 150-311-0660 - Data Requirements for Property Description on Tax Deferral Application

(1) The county assessor's office must complete the property description portion of the deferral application to include:

(a) Information about the current deed as follows:

(A) The document or instrument number;

(B) Year recorded;

(C) Book and page number, if applicable;

(b) Information about the earliest deed showing applicant's ownership as follows:

(A) The document of instrument number;

(B) Year recorded;

(C) Book and page number, if applicable;

(c) Assessor's account number;

(d) Code area; and

(e) A description of the property as follows:

(A) For a property that is platted, the lot and block number and the addition name if the property is in a recorded subdivision;

(B) For a property that is unplatted a description that includes township, range, section and acres;

(C) For a manufactured structure, the model year, make, and home number assigned by the Building Codes Division of the Department of Consumer and Business Services.

(D) Multiunit property information:

(i) Notation if property contains multiple units:

(ii) The percentage of property to be deferred. This is determined by comparing the value of the taxpayer's unit (excluding the land and common areas) with the total value of all the units located on the property.

(iii) The real market values of the taxpayer's homestead. This is determined by comparing the percentage to be deferred with the real market value of the property.

(2) The county assessor must send the department a copy of the recorded deed if requested by the department.

Notes

Or. Admin. R. 150-311-0660

F. 10-14-92, ef. 12-31-92; REV 2-2002, f. 6-26-02, cert. ef. 6-30-02; REV 6-2003, f. & cert. ef. 12-31-03; REV 9-2006, f. 12-27-06, cert. ef. 1-1-07; REV 7-2014, f. 12-23-14, cert. ef. 1-1-15; Renumbered from 150-311.672(1)(a), REV 27-2016, f. 8-12-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 311.672