Mrs. Smith's West Coast Pie Co. v. Department of Revenue

Carlisle B. Roberts, Judge.

The question before the court requires interpretation of ORS 308.250, indexed in the Department of Revenue’s compilation of property tax statutes as the “Processors’ Law.” The pertinent parts read as follows:

“(1) All personal property not exempt from taxation shall be assessed at its true cash value as of January 1, at 1:00 a.m.

“(2) Except as provided in ORS 307.325 [an exemption for farmers], if the assessment covers any of the items listed in subsection (3) of this section, or any processed product thereof, in the hands of a farmer, producer or processor while…