Oregon’s farm equipment tax gets an update
HB 4111A has been enacted into law, amending Oregon's property tax exemption for tangible personal property used in agriculture. The law removes the distinction between tangible personal property and real property, ensuring that all equipment fitting the statute's definition of farm equipment is exempt from property tax. This change aims to reduce confusion and administrative burden for farmers and assessors while maintaining fiscal responsibility by avoiding major expansion of the exemption or significant impact on county budgets.
