Tax & Accounting Blog

Special Farmland Assessment in Oregon

Indirect Tax, ONESOURCE, ONESOURCE Property Tax May 3, 2013

This week the Oregon Department of Revenue has issued two information circulars regarding the assessment of farmland.

  1. Taxpayers can qualify for special farm-use assessment for land in an exclusive farm-use (EFU) zone and used primarily to make a profit in farming (to determine the definition of farm use, see Or. Rev. Stat. 308A.056). The qualification of farmland for special assessment is determined as of January 1. Farmland will be disqualified from this special assessment if it is removed from an exclusive farm-use zone, is no longer used as farmland, or receives approval for a nonfarm dwelling or parcel.

    Link to the information circular:

  2. If land is not in an EFU zone but is used as farmland, it may receive the same special assessment. An application must be filed with the county assessor by April 1 of the first year the taxpayer seeks to receive the special assessment. The land must be used exclusively for farm use, both currently and for the past two previous years, and it must meet the following income requirements for three out of five previous years:
    • 0-6.5 acres: gross income=at least $650.
    • 6.6-29 acres: gross income=at least $100 multiplied by the number of acres.
    • 30+ acres: gross income=at least $3,000

    Link to the information circular: