What period does the Tax Year cover in property assessment in Oregon?

The Tax Year in property assessment in Oregon covers the period from July 1 through June 30. This timeframe is established to align with the fiscal year utilized by the state for budgeting and financial management purposes. By setting the Tax Year in this manner, property appraisers can assess property values and finalize tax calculations prior to the next fiscal cycle. This period also allows ample time for the collection and processing of data regarding property ownership, valuation, and taxation, which are necessary for accurate assessments. The choice of this timeframe ensures that property taxes reflect the current economic conditions and property values as they relate to the state's budgetary requirements.