Equity Land Resources, Inc. v. Department of Revenue

Plaintiff appealed from a decree of the Oregon Tax Court which sustained defendant’s $1,700,000 evaluation of the real property upon which plaintiff is obligated to pay ad valorem taxes. 5 OTR 222 (1973). It was stipulated that the value of the property for tax purposes was the same for both 1971 and 1972, the tax years in question. Since real property is evaluated as of January 1 for each tax year, the date of the assessment under consideration is January 1,1971. This is the second case concerning the taxable value of this piece of property. See Commonwealth v. Dept. of Rev., 4 OTR 80…