Wednesday, September 28, 2011

INDUSTRIAL PROPERTY VALUE APPEALS MOVE TO OREGON TAX COURT

Taxpayers with industrial property valued by the Oregon Department of Revenue must now appeal to the Magistrate Division of the Oregon Tax Court if they disagree with the state's valuation.

Before this change, taxpayers could appeal to the counties in which the properties were located or to the Magistrate Division.

The change takes effect today (September 28). You must file your appeal with the Magistrate Division by December 31.

This change affects nearly 1,600 taxpayers.

The department appraises and values all industrial properties in Oregon that have real property, machinery, equipment, buildings, and structure values of more than $1 million. This includes 893 sites with a combined market value of about $15 billion.

Industries include electronic and high tech, wood and paper, food processing, metals, chemicals, plastics, and printing.

Visit www.oregon.gov/dor to get tax forms, check the status of your refund or make tax payments, or call 1-800-356-4222 toll-free from an Oregon prefix (English or Spanish); 503-378-4988 in Salem and outside Oregon; or e-mail, questions.dor@state.or.us. For TTY (hearing or speech impaired), call 1-800-886-7204.

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