McCoy v. Department of Revenue

This is an appeal from a decree of the Oregon Tax Court sustaining an order of defendant Department of Revenue which was unfavorable to plaintiff. McCoy v. Department of Revenue, 6 OTR Adv Sh 116 (1975).

Plaintiff’s decedent owned real property which was assessed for farm use under ORS 308.370(1). In fixing the value of farm use land for inheritance tax purposes, ORS 118.155 provides as follows:

"Interests in real property passing by reason of death that had received special assessment as farm use land under subsection (1) of ORS 308.370 for the tax year immediately preceding the date of death…