Jackson County v. Jackson Education Service District

In December, 1983, the Oregon Tax Court decided in Portland School District No. 1 v. Multnomah Co. et al, 9 OTR 362 (1983), that, under ORS 294.080(3), 1 interest earned on the unsegregated tax account of a county belongs to the several taxing districts within the county for whom the funds had been designated. That decision raised the possibility that counties could be liable for interest and penalties from 1979 to 1984. As a result, various counties and taxing districts entered into settlement agreements. One agreement was in February, 1985, between the parties here. It provided that the…