Oregon § 321.722 Valuation

Oregon Statutes

§ 321.722 — Valuation

Oregon § 321.722

Vol.8

Title 29Revenue and Taxation

Ch. 321Timber and Forestland Taxation

This text of Oregon § 321.722 (Valuation) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 321.722 (2026).

Text

(1)Small tract forestland shall have a specially assessed value per acre:

(a)Equal to 20 percent of the specially assessed value per acre determined under ORS 321.354, if located in western Oregon; or

(b)Equal to 20 percent of the specially assessed value per acre determined under ORS 321.833, if located in eastern Oregon.

(2)For each land class, the maximum assessed value per acre of small tract forestland shall equal 103 percent of the small tract forestland assessed value per acre for the preceding tax year or 100 percent of the small tract forestland maximum assessed value per acre for the preceding tax year, whichever is greater.

(3)The county assessor shall compute the assessed value of small tract forestland by multiplying the acreage of the small tract forestland in each land

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(1) Small tract forestland shall have a specially assessed value per acre:
(a) Equal to 20 percent of the specially assessed value per acre determined under ORS 321.354, if located in western Oregon; or
(b) Equal to 20 percent of the specially assessed value per acre determined under ORS 321.833, if located in eastern Oregon.
(2) For each land class, the maximum assessed value per acre of small tract forestland shall equal 103 percent of the small tract forestland assessed value per acre for the preceding tax year or 100 percent of the small tract forestland maximum assessed value per acre for the preceding tax year, whichever is greater.
(3) The county assessor shall compute the assessed value of small tract forestland by multiplying the acreage of the small tract forestland in each land class by the lesser of:
(a) The specially assessed value per acre; or
(b) The maximum assessed value per acre.
(4) If the small tract forestland being assessed consists of different land classes, the assessed value of the small tract forestland shall be the sum of the assessed values computed for each land class under subsection (3) of this section.