Oregon Revised Statutes Chapter 321 § 321.354 — Common
Oregon Revised Statutes Chapter 321 ·
Oregon Code § 321.354·Enacted ·Last updated March 01, 2026
Statute Text
Common
ownership minimum acreage requirements; specially assessed value and maximum
assessed value of forestland of large landowners.
(1)(a) The Department of Revenue
shall identify the forestland that is held in common ownership of 5,000 acres
or more as of the assessment date for each tax year.
(b) Forestland
that the department has identified under paragraph (a) of this subsection that,
for the previous tax year, was subject to small tract forestland assessment
shall be disqualified from small tract forestland assessment and shall be
subject to special assessment as provided in this section as of the first tax
year the forestland is held in common ownership of 5,000 acres or more.
(c) For purposes
of this subsection, forestland includes land that meets the definition of
forestland under ORS 321.805.
(2) Forestland
assessed under this section shall have a specially assessed value per acre
equal to the value certified to the county assessor for the tax year under ORS
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 321.354
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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