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19 Cards in this Set
- Front
- Back
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How does the assessor locate and identify each property? |
They use a parcel numbering system, referred to as cadastral mapping, in which each property is assigned its own identifier. |
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The assessor is responsible for maintaining the inventory of land, buildings, and other improvements attached to the land throughout the county. During the inspection The appraiser records this information about the land and improvements |
Size, quality, condition, and other pertinent data |
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The inventory of county appraised industrial property is updated through this |
Real property return |
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The return filed with the assessor that develops in inventory of taxable personal property from annual returns filed by the property owner is called this |
Confidential personal property return |
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How many basic property classes are there in Oregon? |
10 |
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Name all 10 of the basic property classes |
Name all 10 of the basic property classes |
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How often is the RMV of all taxable property in the state updated? |
It’s updated annually through various methods of appraisal, the assessors certified ratio study, an application of computerized trending or recalculation |
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What does AV stand for? |
Assessed value and is the value upon which taxes are based |
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What does MAV stand for? |
A property is maximum assessed value is the maximum taxable limit established for each property. |
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How does an assessor calculate the taxes do against the property? |
By multiplying the assessed value (AV) of the property by the tax rate of the taxing district in which the property is located |
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If the amount of tax collected is higher than the Measure 5 constitutional limits allow then the taxes must be compressed, How do you compress the taxes? |
by multiplying the RMV of the property times the constitutional limits of $5 per $1000 of RMV for education category and $10 per $1000 for RMV of the general government category. |
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What is the M5 test? |
The M5 test checks that taxes to be billed against the $5 and $10 category limits. If the taxes are less than the limits then the taxes will be billed without compression, if the taxes to be billed are more than either $5 or $10 limit and then the taxes will be reduced until they fit under the limitation. |
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What is the result of each assessment? |
A tax bill |
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If a property owner disagrees with the assessors estimate of value they may do this |
They may appeal the value to their local board of property tax appeals (BOPTA). |
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The tax collector mails tax statements to property owners on or before this date |
October 25 of each year |
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What do tax statements contain? |
The statements contain the RMV and AV of the property and taxes imposed for each taxing district. The statements also indicate any delinquent taxes from previous tax years. |
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Taxes are levied and become a lien on the property on this date |
July 1 |
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Foreclosure proceedings begin if taxes are unpaid after this much time |
Three years |
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If the property is a real property, taxes become delinquent if not paid in full by this date |
May 15 |
