Oregon Statutes - Chapter 308A - Land Special Assessments - Section 308A.050 - Legislative intent.

The Legislative Assembly recognizes that agriculture and related land uses contribute significantly to Oregonís character and economy. The Legislative Assembly finds that providing the means for agriculture to continue and prosper is in the interest of all citizens of this state, who benefit directly or indirectly from agricultural production and stewardship of farmlands and ranchlands. Valuation of farm properties based upon market data from sales for investment or other purposes not connected with bona fide farm use encourages the conversion of agricultural land to other uses. The identification of agricultural land for farm use, as provided by law, substantially limits alternative uses of such land and justifies the valuation of that land based on its agricultural production capability. Therefore, it is the declared intent of the Legislative Assembly that bona fide farm properties be assessed for ad valorem property tax purposes at a value that is exclusive of values attributable to urban influences or speculative purposes. [1999 c.314 §1]

(Qualification for Farm Use Assessment)

Section:  308A.050  308A.053  308A.056  308A.059  308A.062  308A.068  308A.071  308A.074  308A.077  308A.080  308A.083  308A.086  308A.089  308A.092  308A.101  Next

Last modified: August 7, 2008