West Hills, Inc. v. State Tax Commission

This is an appeal by the State Tax Commission from a decision of the Oregon Tax Court (3 OTC Adv Sh 409), reversing in part the Commission’s order establishing the value of the taxpayer’s real property for tax purposes.

The taxpayer’s property consists of a real estate subdivision of 100 acres in Bend. The subdivision is composed of lots in three stages of development: (1) fully developed lots, which were assessed by the *174assessor at $13.75 per front foot (or $1,375 for a one hundred foot lot); (2) partially developed lots with water lines installed, but no paved streets, which were assessed at…