St. Catherine's Residence, Inc. v. Department of Revenue

CARL N. BYERS, Judge.

Plaintiffs appeal the 1992 and 1993 assessed value of property used as a home for the elderly. By cross motions for summary judgment, the parties ask the court to construe ORS 308.490, 1 which directs how nonprofit homes for the elderly are to be assessed.

ORS 308.490(1) states that the legislative assembly finds “ordinary methods” for determining real market value are not appropriate for property of nonprofit corporations providing housing for elderly persons. ORS 308.490(2)(b) indicates that in determining the real market value of the property of a nonprofit home for…