Comcast wins Oregon property tax ruling

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PORTLAND, Ore. (AP) -- Comcast has won a property tax decision that could cost some Oregon counties millions in refunds.

The Oregonian reports (http://bit.ly/ofJIzq ) the Oregon Tax Court ruled Aug. 10 that the state Department of Revenue improperly assessed the value of the cable company's assets. The next step is a formal judgment, and then either side could appeal to the state supreme court.

Multnomah County could have to repay more than $8 million, Washington County $5 million and Clackamas County about $4 million, plus interest.

Because counties collect property taxes for local taxing districts, the decision also affects cities, school and fire districts.

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Information from: The Oregonian, http://www.oregonlive.com