(1) "Property" means:
(a) All property included within a single property tax account; or
(b) In the case of property that is centrally assessed under ORS 308.505 to 308.674, the total statewide value of all property assessed to a company or utility that is subject to ORS 308.505 to 308.674.
(2) "Property tax account" means the administrative division of property for purposes of listing on the assessment roll under ORS 308.215 for the tax year for which maximum assessed value is being determined or, in the case of a private railcar company, the administrative division provided under ORS 308.640. [1997 c.541 §7; 1999 c.223 §7]