Zachary T. Atkins and Caroline Koo on Tesoro Logistics Northwest Pipeline LLC v. Department of Revenue, the Oregon Tax Court, Frequent Section, held that even though a unit of property acquired by one centrally assessed firm from the other qualified as”new land” for purposes of . Const. Art. XI, § 11 (“Step 50”), the device of property’s existing maximum appraised value (“MAV”) has been kept in front of their owner. Pipeline LLC v. Dep’t of Earnings, No. Tax Ct., Reg. Div., Feb. 19, 2021). Because of this, the Oregon Department of Revenue wasn’t entitled to redetermine the MAV due to their purchase. Continue reading on the SeeSALT blog.