Labels:book | reckoner | sky | tree OCR: and taxed at no less than their fu]l and true cash value. Stipulation Na Oregon law exempts from personal property tax non- farm business inventories, highly mobile factor of PIo duction Ore Rev. Stat 307 400(2) {3)(d) This exemption removed an estimated $6.8 billion property from Oregon's personal property tax basc 1988. Stipulation No. 33 Oregon also pressly exempts from the tax agricultural and cquipment (Ore. Rev. Stat. 307 400(2), 3a-c livestock, poultry, bees and fur bearing animals (id. 307 400(1)) and agricultural products in the posses sion of farns (id C 307 .325) These exemptions which uniqucly benefit local taxpayers. excIuded an estimated $1.2 billion warth property from Oregon's personal property tax base in 1988 Stipulation No Oregon exenpts most motor vehicles from the pers ...
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