Legal Opinion
Connecticut General Life Insurance v. Department of Revenue
Oregon Tax Court
Decided June 21, 1993No. TC 3249PublishedCited by 2 opinions
1Opinion of the Court
CARL N. BYERS, Judge.
Plaintiff appeals the true cash value of its property for the years 1987 through 1990. The property’s unusual background merits discussion.
The subject property is a portion of a large cattle ranch in Eastern Oregon known for many years as the Big Muddy. Only 19,185 of the Big Muddy’s 64,178 acres are in Wasco County; the remaining acreage is in Jefferson County. For over 100 years the Big Muddy was a cattle ranch. In September, 1980, it was sold to North Plains Land & Investment Co., Inc. (North Plains), for $2.4 million. On July 10, 1981, plaintiff loaned $3.5 million to…
2Cases cited17 opinions
- 1000 Friends of Oregon v. Wasco County CourtOregon Supreme Court · 1985
- Rajneesh Foundation International v. McGreerOregon Supreme Court · 1987
- 1000 Friends of Oregon v. Wasco County CourtCourt of Appeals of Oregon · 1983
- Rajneesh Foundation International v. McGreerOregon Supreme Court · 1987
- Truitt Bros. v. Department of RevenueOregon Supreme Court · 1987
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3Cited by2 opinions
- Multnomah County v. Department of RevenueOregon Tax Court · 1994
- Ernst Brothers Corp. v. Dept. of Rev.Oregon Tax Court · 1993