By Pillsbury’s Construction & Real Estate Law Team
Zachary T. Atkins along with Caroline Koo on Tesoro Logistics Northwest Pipeline LLC v. Department of Revenue, the Oregon Tax Court, Frequent Division, held that even though a unit of land acquired by a single centrally assessed company from the other characterized as”new land” for purposes of . Const. Art. XI, § 11 (“Measure 50”), the device of house’s present maximum assessed value (“MAV”) was kept at the hands of the new owner. Pipeline LLC v. Dep’t of Revenue, No. TC 5252, 2021 WL 6700471 (Or. Tax Ct., Reg. Div., Feb. 19, 2021). Consequently, the Oregon Department of Revenue was not entitled to redetermine the MAV due to this acquisition. Keep on reading on the SeeSALT website.