Douglas County Assessor v. Department of Revenue

CARL N. BYERS, Judge.

Plaintiff, Douglas County Assessor (assessor), seeks a declaratory ruling construing ORS 308.205(2)(d) as it may apply to a particular low-income housing property. Intervenor, owner of the subject property, has joined with the Department of Revenue (department) in asserting that the statute requires the assessed value to reflect governmental restrictions on the use of the property.

The subject property is a 24-unit apartment located in Reedsport. The improvements were constructed in 1978 and financed with a 40-year loan through the Farmers Home Loan Administration (now…