Pollin v. Department of Revenue

The main issue in this case is how to value public property that is leased by a nonexempt lessee: Does ORS 307.110(1) (1995) 1 subject to taxation (a) the full value of the leased property, or (b) only the value of the leasehold interest? The Tax Court held that ORS 307.110(1) (1995) provides for taxation of the full value of the leased property. On taxpayer’s appeal, we affirm.

Taxpayer does not challenge the Tax Court’s factual findings. 2 Accordingly, we take these pertinent findings from the Tax Court’s opinion:

“The Port [of Portland (Port)] is a municipal corporation and operates a wide…