Knight v. DEPARTMENT OF REV., STATE OF Or.

Plaintiff personal representative appeals from the tax court’s decree affirming the Department of Revenue’s assessment of certain real property for inheritance tax purposes based on its true cash value rather than its farm use value.

The facts are stipulated. Louis R. Knight died June 30, 1976. Among his assets was a one-half interest in certain Oregon real property, valued at $74,470. Plaintiff paid inheritance tax based on the property’s farm use value under ORS 308.370, ORS 308.380 and ORS 118.155. The Department of Revenue assessed the property based on its true cash value. On appeal the…