Commonwealth, Inc. v. Department of Revenue

This is an appeal by the Department of Revenue from a decision of the Oregon Tax Court in which that court reduced assessments for tax purposes for the years 1967 and 1968 on real property in the central part of the city of Salem. 4 OTR 80 (1970).

The contested assessments involved just the land and not the improvements upon it. The land was assessed for both years at $1,169,760, which was reduced by the Tax Court to $910,000.

*142The property covers an entire block and is developed by the taxpayer as a shopping center, which is known as Salem Plaza. Approximately one-third of the land is owned by…