Assessor Department - Max Assessed & Assessed Values

Maximum assessed value (MAV): A term defined by Measure 50 which was approved by Oregon voters in 1997. The maximum (limit) of a property's assessed value (AV). MAV is the greater of 103% of the properties AV from the prior year or 100% of the properties MAV from the prior year. MAV may be increased or recalculated under certain circumstances to reflect changes to the property (exceptions).

Assessed Value (AV): The lesser of the properties maximum assessed value (MAV) or real market value (RMV). For specially assessed property, the lesser of RMV or MAV for any market portion plus the lesser of the specially assessed value (SAV) or maximum specially assessed values (MSAV) for each individual soil class, qualified homesite and on site development.


Measure 5

The constitutional tax rate limitation passed by voters in November 1990 which initially limited school taxes to $15 per $1,000 of assessed value and non school taxes to $10 per $1,000 of assessed value starting in the 1991-92 tax year. The school limit fell by $2.50 per $1,000 each year until it reached $5 per $1,000 in 1995-96. The non school limit remains at $10 per $1,000. Levies to pay bond principal and interest for capital construction projects are outside of the limitation. The Measure 5 rate limits still apply under the provisions of Measure 50 but apply to RMV only.


Measure 50

Approved by Oregon voters in 1997 this measure contains a mathematical calculation used to establish the current AV using the 1995-96 real market value less 10% for the 1997-98 tax year. For tax years after 1997-98, MAV is the greater of 103% of the properties AV from the prior year or 100% of the properties MAV from the prior year.

For more information refer to the Oregon Department of Revenue website.
Oregon Department of Revenue (Property Tax)


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