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Section 308.628 - Omitted property subject to assessment.

OR Rev Stat § 308.628 (2019) (N/A)
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(2) Property shall be presumed to be omitted property subject to assessment under ORS 308.505 to 308.674 whenever the department discovers or receives credible information that:

(a) The addition of any building, structure, improvement, machinery, equipment or other asset was not reported in a statement filed under ORS 308.524;

(b) The cost, as of the assessment date, of any building, structure, improvement, machinery, equipment or other asset reported in a return required by the department exceeds the cost stated in the statement filed under ORS 308.524; or

(c) Any item listed in ORS 308.525 or under rules adopted to implement ORS 308.525 was underreported in the statement filed under ORS 308.524.

(3) ORS 308.624 (4) does not apply to the addition of omitted property under subsection (1) of this section. [2007 c.616 §8]

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Section 308.624 - Correction of certified roll.
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Section 308.632 - Notice of intention to add omitted property to assessment roll.