Southern Pacific Transportation Co. v. Department of Revenue

CARL N. BYERS, Judge.

Plaintiff seeks a judgment declaring that the interest rate for property taxes due as of July 1, 1989, was 12 percent and not 16 percent as asserted by defendants. There is no dispute as to the facts. The issue before the court is one of statutory construction. The parties filed cross-motions for summary judgment and presented oral arguments.

Plaintiff’s railroad property extends through a number of Oregon counties. Plaintiff appealed the assessed value of its property for the years 1980 through 1987. Because of the magnitude of plaintiffs property, some counties placed…