Mendelson v. Department of Revenue

CARLISLE B. ROBERTS, Judge.

Plaintiff appealed from defendant’s Order No. VL 80-161, affirming the county assessor’s action which terminated a war veteran’s property tax exemption for the tax year 1977-1978.

On September 2, 1977, the plaintiff entered into an earnest money agreement for the purchase of property which carried a valid veteran’s tax exemption of $7,500 of the value. ORS 307.250. The agreement was contingent upon the plaintiffs obtaining an Oregon veteran’s home loan in the sum of $38,000. At that time, the parties knew that the loan limit, per ORS 407.040, was $35,000, but this…