The County Treasurer's Office serves as the custodian of county funds and is responsible for receiving county revenues, money management, investments, financial accounting, bank and investment accounts, transient room taxes, and the receipt and distribution of property tax revenues.
The Oregon Department of Revenue defines the process of identifying taxable property and assigning a value to it as appraisal. County assessors appraise most property in Oregon. The Department of Revenue appraises certain large industrial sites, and utility property. Each county assessor prepares their county's assessment roll, which is a listing of all taxable property as of January 1 of each year.
Utility property is placed on a statewide assessment roll. The department allocates utility values to the county rolls prior to the preparation of tax bills.
Property subject to taxation includes all privately owned real property (e.g., land, buildings, and fixed machinery and equipment), manufactured homes, and personal property used in a business. There is no property tax on household furnishings; personal belongings and automobiles; crops; orchards; business inventories; or certain intangible property such as stocks, bonds, or bank accounts.
A business owning or possessing taxable personal property must file a Confidential Personal Property Return (form 150-553-004) with the assessor in the county where the property is located by March 1. If the assessor determines that the total value of the business's personal property in the county is less than $14,500, the assessor will cancel the assessment. This amount can change each year based on the U.S. City Average Consumer Price Index. The assessment cancellation is not applicable to personal property manufactured homes.
Most property used for religious, fraternal, and governmental purposes is exempt. Reductions in assessments are granted for certain types of property such as open space, farmland, forestland, and historical buildings. Properties owned by disabled veterans also are given reduced assessments.
Posted by Lincoln County Public Information Officer, Casey Miller
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