Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 308 - ASSESSMENT OF PROPERTY FOR TAXATION
Section 150-308-1520 - Deferred Additional Tax (ORS 308A.706); When to Collect
Universal Citation: OR Admin Rules 150-308-1520
Current through Register Vol. 63, No. 9, September 1, 2024
(1)
(a) When a non-exempt owner acquires
exclusive farm use (EFU) farmland that was exempt because it was government
owned, any amount designated by the county assessor as potential additional
taxes must be added to the next general tax roll by the tax collector if the
land is used for purposes inconsistent with returning the land to farm use.
(b) Non-EFU farmland liens are
collected regardless of use when a non-exempt owner acquires farmland that was
disqualified under ORS
308A.116(1)(b)
and had liens attached under 308A.703(5).
(2) For additional information on collection and distribution of additional tax, see OAR 150-308A.703(3) and (4).
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 308A.712
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
