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Property Tax

Guidelines for the Industrial Property Return (IPR):

  • Organize property by account.
  • Organize the real and personal property by category within each account.
  • Provide the asset number and asset description for each asset.
  • Avoid reporting project additions or retirements as a lump sum.
  • Report additions and deletions to the correct account.
  • Non-inventory supplies should not be reported as asset additions.
  • Provide any other information that may affect your value. For example, going out of business, moving to another location, or selling of the property.
  • Do not report your book or projected costs. Provide actual original costs, all indirect costs, and the year that the costs were incurred.
  • Submit a complete personal property list. Writing “no change” or “same as last year” is not acceptable.
  • Do not report the cost of your land.
  • Do not report any costs associated with the items that are not on site by the assessment date, such as prepayments. If you own assets in another location in Oregon, you may have to report them for that location.
  • File your completed return timely to avoid a late filing penalty. Must be postmarked by March 15.

When reporting machinery and equipment:

  • Provide a detailed description of all costs for additions including the cost of the asset, freight charges, mechanical & electrical installation, special footing, foundations and supports, construction interest, engineering as well as any excess costs such as demolition, relocating, or retrofitting.
  • Identify any rebuilds, remodels, upgrades, major maintenance costs, etc.
  • Report your asset retirements so they are not included in your assessment.
  • Retire all costs associated with the asset being retired including any rebuilds, remodels, or upgrades.
  • Identify assets and costs that aren’t assessable, such as licensed vehicles.
  • If you buy or lease, report the original cost, date of acquisition, date, and lease amount.
  • Identify leased assets and provide the information required on the IPR.
  • Identify any asset that was purchased used, provide date of manufacturing if known.
  • Identify and report equipment moved on or off site by intracompany transfer.