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Oregon Tax Court Rejects Department’s Attempt to Discount Measure 50 Limitation

Zachary T. Atkins and Caroline Koo on Tesoro Logistics Northwest Pipeline LLC v. Department of Revenue, the Oregon Tax Court, Regular Section, held that even though a component of property acquired by one centrally assessed company from another characterized as”new home” for purposes of . Const. Art. XI, § 11 (“Step 50”), the unit of property’s present maximum assessed value (“MAV”) has been preserved in the hands of their owner.   Pipeline LLC v. Dep’t of Revenue, No. Tax Ct., Reg. Div., Feb. 19, 2021).  Because of this, the Oregon Department of Revenue was not eligible to redetermine the MAV due to their acquisition. Keep on reading on the SeeSALT blog.