Oregon Confidential Real Property Tax Return

Confidential Real Property Tax Return
2023 Real Property Return; Declaration of Property Costs, Operations, and Other Related Information, 150-301-031
Clear Form

Form

OR-RP

2024

Real Property Return
Declaration of Property Costs, Operations,
and Other Related Information

County use only
Date received

—Confidential—
­

File this return on or before March 15, 2024

with the assessor of the county in which the property is located.

Business name
Doing business as (DBA)
Mailing address
City

State

ZIP code

Type of plant

Account number

Location (situs)

Annual report required
Oregon law [ORS 308.290(1)(b)] requires that each company must file this annual return with the county assessor on or before
March 15. Failure to file will subject the company to a late-filing penalty (ORS 308.295). This return is subject to audit.
Accounting records location
Street address

City

State

ZIP code

Contact person for audit
Name

Phone

Mailing address

Email

City

Fax

State

ZIP code

Taxpayer declaration—invalid if not signed
I declare, under penalties for false swearing [ORS 305.990(4)], that this return, including enclosed schedules, has been
examined by me and, to the best of my knowledge and belief, it is true, correct, and complete.
Full legal name (if incorporated)

Sign
here ➧

Signature of:

owner

officer

Date

authorized agent

X

Typed or printed name of person signing above

Title

Name of preparer (if other than taxpayer)

Title

Phone

Fax

Email

Be sure to read the instructions on pages 6–8 before completing this return. ➛

150-301-031 (Rev. 11-16-23)

Form OR-RP

2024 Real Property Schedules
Reporting period is January 1, 2023–December 31, 2023
You must complete a Real Property Schedule for each real property account listed on the front of this return.
Include a listing where space is insufficient.
Real property account number:
Company name:

(Only one account per page)

Schedule 1: Buildings, structures, and yard improvements
(If building is leased, use this schedule to report leasehold improvements)

Schedule 1–A: Completed additions (See instructions, page 8)
2.

1.

Description

Starting
date

3.

Completion
date

4.

Costs reported
in prior years

5. Costs for current

6.

reporting period not
previously reported

Total completed cost

Schedule 1–B: Retirements (See instructions, page 8)
1.

2.

Description

Date of construction
or acquisition

3.

4.

Date
retired

Status of
property

5.

Total
original cost

Schedule 1–C: Under construction on January 1 (See instructions, page 8)
2.

1.

Description

Starting
date

3. Estimated 4.

completion
date

5.

Costs reported in
prior year returns

Costs for current
reporting period not
previously reported

6.

Estimated total
completed cost

Photocopies can be used
150-301-031 (Rev. 11-16-23)

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Form OR-RP

Real property account number:
Company name:

(Only one account per page)

Schedule 2: Machinery and equipment
Schedule 2–A: Completed additions (See instructions, page 8)
1.

2.

3.

Asset no.

4.

Starting
date

Description
(name, model, location within plant)

5.

Completion
date

Costs reported
in prior years

6. Costs for current

7.

reporting period not
previously reported

Total completed cost

Schedule 2–B: Retirements (See instructions, page 8)
1.

2.

Asset no.

3.

Description
(name, model, location within plant)

Date of construction
or acquisition

4.

5.

Date
retired

Status of
property

6.

Total
original cost

Schedule 2–C: Being Installed on January 1 (See instructions, page 8)
1.

Asset no.

3.

2.

Description
(name, model, location within plant)

Starting
date

4. Estimated 5.

completion
date

6.

Costs reported in
prior year returns

Costs for current
reporting period not
previously reported

7.

Estimated total
completed cost

Photocopies can be used
150-301-031 (Rev. 11-16-23)

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Form OR-RP

Other Schedules
Reporting period is January 1, 2023–December 31, 2023
Real property account number:
Company name:

(Only one account per page)

Schedule 3: Land site development (See instructions, page 8)
1.

2.

Description

Starting
date

3.

Completion
date

4.

5. Costs for current

Costs reported
in prior years

reporting period not
previously reported

6.

Total completed cost

Environmental contamination
Has environmental contamination been found on this account? Yes No. What substance? ________________________
_____________________________________________________________________________________________________________

Schedule 4: Real property equipment leased from or owned by others (See instructions, page 8)
Schedule 4–A: Completed additions (See instructions, page 8)
1.

2.

Owner’s name, address, and phone number

3.

Description (include model year)

Yearly lease
amount

4.

Original
lease date

5.

6.

Original cost or
option to purchase
(when and amount)

6.

Original cost or
option to purchase
(when and amount)

Lease
expiration date

Schedule 4–B: Retirements (See instructions, page 8)
1.

2.

Owner’s name, address, and phone number

150-301-031 (Rev. 11-16-23)

3.

Description (include model year)

4

Yearly lease
amount

4.

Original
lease date

5.

Lease
expiration date

Photocopies can be used
Form OR-RP

2024 Enterprise Zone Schedules
You must complete an Enterprise Zone Schedule for each real property account that qualifies for an enterprise zone exemption. Include a copy of your completed Oregon Enterprise Zone Tax Exemption application.
Real property account number:
Company name:

Schedule 5: Buildings and structures
Schedule 5–A: Enterprise zone—Completed additions (See instructions, page 8)
1.

2.

Description

Starting
date

3.

Completion
date

4.

5. Costs for current

Costs reported
in prior years

reporting period not
previously reported

6.

Total completed cost

Schedule 5–B: Enterprise zone—Retirements (See instructions, page 8)
1.

2.

Description

Date of construction
or acquisition

3.

Date
retired

4.

5.

Status of
property

Total
original cost

Real property account number:

Schedule 5: Machinery and equipment
Schedule 5–C: Enterprise zone—Completed additions (See instructions, page 8)
1.

2.

Asset no.

Description
(name, model, location within plant)

3.

Starting
date

4.

Completion
date

5.

Costs reported
in prior years

6. Costs for current

reporting period not
previously reported

7.

Total completed cost

Schedule 5–D: Enterprise zone—Retirements (See instructions, page 8)
1.

Asset no.

2.

Description
(name, model, company asset no., location within plant)

150-301-031 (Rev. 11-16-23)

3.

Date of construction
or acquisition

5

4.

Date
retired

5.

Status of
property

6.

Total
original cost

Photocopies can be used
Form OR-RP

List of Property Types
Real property

307.010 Definition of real property and land.
(1)(b) Real property includes: (A) the land itself, above or under
water; (B) all buildings, structures, improvements, machinery,
equipment or fixtures erected upon, above or affixed to the land[.]

Buildings, structures
Include all building and structure costs, including excavation,
floor, shell, interior and exterior finish, lighting, wiring and fixtures, plumbing, sprinkling systems, elevators, heating systems,
ventilators, fire protection systems up to the dry valve including
underground piping, valves, tanks, and foundations. Also include
indirect costs such as interest during construction, engineering,
and design costs.

Examples:
•	 Aerators.
•	 Bag machines.
•	 Banders.
•	 Barkers.
•	 Boilers.
•	 Chillers.
•	 Conveyors.
•	 Cranes.
•	 Edgers.
•	 Furnaces.
•	 Grinders.
•	 Headrigs.

Process piping, power wiring, and foundations for the machinery
and equipment should be included with “Real property—Machinery and equipment.”

Yard improvements
•	 Fences.
•	 Paving.
•	 Ponds.
•	 Railroad spurs on site.
•	 Retaining walls.
•	 Roads.
•	 Walks and curbs.
•	 Wharves and docks.
•	 Yard lighting.

•	 Hoists.
•	 Hoppers.
•	 Knife sharpeners.
•	 Leak detectors.
•	 Shakers.
•	 Shredders.
•	 Sifters.
•	 Silencers.
•	 Sizers.
•	 Slicers.
•	 Sorters.
•	 Transfers.

This list isn’t complete. If you have questions on other
items, call the county assessor’s office.

Machinery and equipment
Include all costs for all process and manufacturing machinery and
equipment that meets the definition of real property. Include power
wiring, process piping, foundations, freight, engineering, etc.

150-301-031 (Rev. 11-16-23)

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Form OR-RP

Real Property Return
General instructions

— Read all instructions before completing return —

Oregon law

ducting, its own weight, or other methods, it’s considered real property and should be reported.

The Real Property Return is authorized by Oregon law. It’s used
to determine the value of your real property. Its main purpose is
to accurately account for all property on the site as of 1:00 a.m. on
January 1, 2024.

Additional information required
The following information must be submitted with this Real
Property Return. Include additional pages with this information,
if necessary.

You’re required to report the information requested on this return.
Oregon law (ORS 311.216 to 311.229) provides that property
acquired during the reporting period and not reported on this
return is presumed to be omitted property and subject to additional
assessment. Also, when property is reported at understated costs,
the understated cost amount is presumed to be omitted property
subject to additional assessment.

1.	 Explain any major changes that occurred between January 1 and
December 31 and that have affected the value of the site.
2.	 If there is site contamination that affects the value of the property
and the site is listed with the Environmental Protection Agency
or the Oregon Department of Environmental Quality (DEQ) or
has had a verifiable release of a hazardous substance, provide
the DEQ number (if listed with the DEQ) and a schedule of the
cost of the planned remedial work [OAR 150-308-0270].
3.	 Are you applying for Cancellation of Assessment on Commercial
Facilities under Construction (ORS 307.330)? If so, include a copy
of that form (150-310-020) and file it with the county assessor by
April 1, 2024. Include the exempt values on Schedules 1-A and
1-C.
4.	 Are the buildings and structures or land leased from another
party? If yes, a separate return must be filed by or for the owner
of the buildings and structures under the correct account number.
	 If you’re leasing a building, and you make leasehold improvements, report those improvements on Schedule 1 of this return.
You don’t have to file a separate return. Leased machinery and
equipment is listed on Schedule 4.
5.	 Inform us of any corrections to the information on the cover page.
6.	 If someone other than an employee is acting as your agent for
property tax purposes, include authorization in the form of a
specific power of attorney.

A person may be convicted for filing false information. A fine of not
more than $1,000 or imprisonment for not more than one year, or
both, may be imposed (ORS 308.990).
Your return is confidential to the assessing authorities and isn’t
public information. The penalty for disclosure is a $6,250 fine or
one year in jail, or both.

Filing deadlines
Your return must be postmarked by March 15, 2024.
Note: Filing extensions are no longer available per enrolled House
Bill 2484, Chapter 38, 2015 Laws, which amended ORS 308.290.

Penalty for late filing
Failure to file this return by the March 15, 2024 deadline will subject the property owner to a late filing penalty (ORS 308.295). The
penalty for late filing is $1 for each $1,000 (or fraction) of assessed
value. This penalty shall not be less than $10 and not more than
$250 (ORS 308.295).

Additional information you may provide

Nonfiling penalty

Submit any other information that should be considered in determining the value of the property. For example, plant closures,
scheduled liquidations, governmental requirements or restrictions,
verifiable presence of toxic contamination, your opinion concerning
the value contribution of the additions, your estimate of the asset
lives, your lease agreement for leased property, income and expense
information, and issues that may indicate economic or functional
obsolescence.

All property in your possession on this site must be reported on
this return unless the property is mentioned in “What property not
to report.” Anyone who refuses or neglects to file a return with the
intent to evade taxation is subject to a penalty of $10 for each day
the return is late until the return is filed (ORS 308.300). This return
is subject to audit.

Correct reporting

You may qualify for an economic obsolescence adjustment to the
value of your property if indicated by the above information. If this
is the case, the county may ask for additional information.

To complete this return, you must sign the taxpayer declaration,
complete each schedule, and answer each question. You may write
in “no,” “none,” or “see attachment” on the form. “Same as last
year” isn’t acceptable. You may supplement the return using an
enclosed printed list. This list must include all the information
requested on this form to report additions and retirements. Identify
your enclosures with the correct account, code area, county, and
schedule number.

What property not to report
Don’t report:
•	 The cost of raw land.
•	Property that you reported on another 2024 industrial, real, or
personal property return (for example, logging and construction
equipment accounts not at this site).
•	 Property that is located outside of Oregon.
•	 Property used only for personal, nonbusiness use such as household goods and furniture, clothing, personal effects, tools, and
equipment used exclusively in and around your home or in your
hobby (ORS 307.190).
•	 Intangible personal property (ORS 307.020): Money held at interest, bonds, notes, shares of stock in corporations, business records,

All real property, except as otherwise provided by law, is subject
to assessment and taxation in Oregon. You must report property in
storage, noninventory property held for sale, property on site but
not in service, and property on site before installation. Don’t report
the same property on another real property return.
Report changes to taxable real property, including land development, buildings, structures, yard improvements, fixed machinery,
and fixed equipment. For example, if a machine is attached to the
land or a building by bolts, welds, cement, direct wiring, plumbing,
150-301-031 (Rev. 11-16-23)

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Form OR-RP

computer software, surveys and designs, and the materials on
which the data is recorded (paper, tape, film, etc.).
•	 Livestock, poultry, fur-bearing animals, bees, or products used or
consumed in farm operations (ORS 307.325).
•	 Inventories (ORS 307.400). This refers to items of tangible personal
property that are held for sale in the ordinary course of business.
•	 Licensed vehicles (such as cars and trucks). Fixed load and mobile
equipment are taxable (ORS 801.285) and must be reported on the
personal property return.
•	 Personal property farm machinery (ORS 307.394).
•	Agricultural frost control systems, agricultural or horticultural
trellises, hop harvesting equipment, mobile grass field incinerators (ORS 307.390), and certain nursery stock held by growers for
wholesalers (ORS 307.315).
•	 Egg equipment.

must reconcile with prior year returns. If reported costs didn’t add
value, include an explanation.
Did the addition replace machinery and equipment that were retired
from service or removed from the site? If so, report the equipment
being removed as retirements.
2-B—Retirements. Report the machinery and equipment improvements that you retired from service and were removed from the
site between January 1, 2023 and December 31, 2023. Describe the
improvements in enough detail to identify the property, including
company asset number, name, model, and location within the plant.
Include the year of installation or acquisition and the date retired.
Describe the status of the property that was removed from service
during the reporting period but still on the site on January 1, 2024
(for sale, to be demolished for scrap, abandoned in place, no plans
to remove, etc.). Provide the total original cost. Retired property is
removed from the roll at its depreciated value.

Real property instructions
Schedule 1—Buildings, structures, and yard improvements

2‑C—Being installed on January 1. Machinery and equipment
being installed on January 1 must be reported in this schedule. The
description should include the company asset number, asset name,
model number, and location within the plant. Provide the starting
date, estimated completion date, costs reported in prior year returns,
costs for current reporting period not previously reported, and estimated total completed cost. Column 5 must reconcile with prior year
returns. If reported costs didn’t add value, include an explanation.

1‑A—Completed additions. Describe the addition in enough detail
to identify the property. Include the starting date, completion date,
costs reported in prior year returns, costs for current reporting
period that were not previously reported, and total completed costs.
See the List of Property Types for examples of buildings, structures,
and yard improvements. Include all direct and indirect costs (materials, labor, overhead, shipping, etc.). Column 5 must reconcile with
prior year returns. If you believe the reported costs didn’t add value,
include an explanation.

Other schedules
Schedule 3—Land site development

Note: Include process piping, power wiring, and foundations with
machinery costs reported on Schedules 2‑A and 2-C.

Land site development is defined as anything you do that improves
the land, such as draining, filling, leveling, and rocking. Don’t
include the cost of raw land in the costs reported on any schedule
with this return.

1-B—Retirements. Report the buildings, structures, and yard
improvements you retired from service and that were removed from
the site between January 1, 2023 and December 31, 2023. Describe
the improvements in enough detail to identify the property. Include
the date of construction or acquisition, date retired, and status of the
property (for sale, to be demolished for scrap, abandoned in place,
no plans to remove, etc.). Provide the total original cost.

Provide the costs of site alteration or improvements, as described
above, that occurred between January 1, 2023 and December 31,
2023. The reported cost will not affect the value of improvements
on this account. The county assessor will consider the reported costs
when appraising the land.

Retired property is removed from the roll at its depreciated value.
1‑C—Under construction on January 1. Report improvements under
construction on January 1. Include the starting date, estimated completion date, costs reported in prior year returns, costs for current
reporting period that were not previously reported, and estimated
total completed costs. Include all direct and indirect costs (materials, labor, overhead, etc.). Column 4 must reconcile with prior year
returns. If reported costs didn’t add value, include an explanation.
Report the cost of land site development on Schedule 3.

Schedule 4—Real property equipment leased from or
owned by others
List real property equipment leased from or owned by others.
Provide the lessor’s/owner’s name, address, and phone number.
Describe the asset similarly to Schedule 2-A. Provide yearly lease
amount, original lease date, lease expiration date, original cost,
option to purchase date, and amount. All real property must be
assessed to the owner. The value of the real property equipment
leased and owned by others won’t be included in the real market
value for your account.

Schedule 2—Machinery and equipment
2‑A—Completed additions. Description of the additions should
include the company asset number, name, model number, and
location within the plant. Provide the starting date, completion
date, costs reported in prior year returns, costs for current reporting
period not previously reported, and total completed costs. See the
List of Property Types for examples of machinery and equipment.

Enterprise zone instructions
Schedule 5—Buildings and structures
5-A and B—Completed additions and retirements. List all additions
and retirements of buildings, structures, and yard improvements
that qualify for an enterprise zone exemption. Provide the same
information as requested for assets reported on Schedules 1-A and
1-B.

Completed additions need to include the invoice cost and installation, engineering, and miscellaneous costs, including foundations,
power wiring, interest during installation, and freight. State the date
of manufacture. If available, provide a breakdown of costs. Example:
Machinery components, $20,000; installation, $10,000; engineering,
$2,000; interest during construction, $1,000; miscellaneous, $5,000;
total, $38,000.

Schedule 5­—Machinery and equipment
5-C and D—Completed additions and retirements. List all additions and retirements of machinery and equipment that qualify for
an enterprise zone exemption. Provide the same information as
requested for assets reported on Schedules 2-A and 2-B.

Transfers from other company locations should be noted and the
cost basis explained. State the original cost when new. Column 5
150-301-031 (Rev. 11-16-23)

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Form OR-RP