Applied in 13 court decisions — leading case Jeld-Wen, Inc. v. Department of Revenue (1973)
Most recently applied in 21 Or. Tax 161 - Lakeview Farms, Ltd. v. Dept. of Rev. (April 2013)
Amended by 1955 c.720 §1; 1961 c.683 §1
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
(1) Except as otherwise specifically provided, all personal property shall be assessed for taxation each year at its situs as of the day and hour of assessment prescribed by law.
(2) Personal property may be assessed in the name of the owner or of any person having possession or control thereof. Where two or more persons jointly are in possession or have control of any personal property, in trust or otherwise, it may be assessed to any one or all of such persons.
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.