Or. Admin. Code § 150-311-0240 - Procedure to Correct MAV When Square Footage Error Exists

(1) To correct the maximum assessed value (MAV) of a property for an error in square footage, the assessor must receive a petition from either the current owner of the property or other person obligated to pay taxes imposed on the property. The petition must be filed with the county assessor on or before December 31 of the current tax year on a form prescribed by the department.

(2) The correction to MAV by the assessor for the earliest tax year in the petition must be in proportion to the correction to RMV due to the error in square footage for that tax year.

(3) To correct the MAV for subsequent tax years, multiply the prior year's corrected assessed value (AV) by 1.03 and compare to the prior year's corrected MAV. The greater of the two will be the corrected MAV for the account.

(4) Notwithstanding that a property's MAV has been corrected due to a square footage error, the corrected MAV remains subject to adjustments required by ORS 308.146 to 308.166.

(5) Roll corrections pursuant to ORS 311.234 are to be made using the procedures in 311.205.

Notes

Or. Admin. Code § 150-311-0240

REV 2-2002, f. 6-26-02, cert. ef. 6-30-02; REV 4-2015, f. 12-23-15, cert. ef. 1-1-16; Renumbered from 150-311.234, REV 28-2016, f. 8-12-16, cert. ef. 9/1/2016; REV 32-2018, amend filed 12/31/2018, effective 1/1/2019; REV 43-2024, amend filed 06/25/2024, effective 7/1/2024

Statutory/Other Authority: ORS 305.100

Statutes/Other Implemented: ORS 311.234