Tax & Accounting Blog

New Property Tax Exemptions In Oregon

Blog, ONESOURCE, ONESOURCE Property Tax June 18, 2013

Oregon — New Property Tax Exemption for Electricity System Property

The following requirements are necessary to receive a new property tax exemption on high-voltage electricity system property:

  • Property is used for high-voltage electricity transmission systems in the Pacific Northwest.
  • Said property is leased to the United States.
  • Said property may be purchased by the United States after the expiration of the lease or lease-purchase agreement if the debt incurred by the person to acquire the property has been paid.
  • This refund is applicable to tax years beginning after July 1, 2008.
  • To receive a refund, an application must be filed with the county assessor within 60 days after the effective day of this act, which is 91 days after the regular session adjourns.

 

Oregon — Federal Land Property Tax Exemption Extended

The property tax exemption for federal land used by a recreation facility is extended applicable as of July 2012. To receive a refund, taxpayers must file an application to the assessor along with a $200 filing fee.