Oregon Statutes 271.785 – Taxation of property subject to highway scenic preservation easement
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For the purpose of taxation, real property that is subject to a highway scenic preservation easement shall be assessed on the basis of the real market value of the property less any reduction in value caused by the highway scenic preservation easement. Such an easement shall be exempt from assessment and taxation the same as any other property owned by the holder. [1983 c.642 § 8; 1985 c.160 § 6; 1991 c.459 § 371; 2007 c.809 § 18]
Terms Used In Oregon Statutes 271.785
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.