Riensche v. Department of Revenue

CARLISLE B. ROBERTS, Judge.

This is an inheritance tax case. Karl Jack Riensche died on April 7,1974, leaving 3,253.51 acres of unimproved real property, located in specific tax lots in Secs. 2, 3, 4, 9, 10, 14, 15, 16, 21, 22 and 28 inT 17 S, R 6 W, WM and in Sec. 1, T 17 S, R 7 W, WM, in Lane County, Oregon. ORS 118.150(1) specifies that the value of property for inheritance tax purposes is its true cash value as of the date of death of the decedent. See OAR 150-118.150G).

The subject property consists of unimproved land, much of which was logged some 25-35 years ago. At present, most of the…