Oregon Statutes 118.535 – Appraisal by department; costs
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(1) If the Department of Revenue determines that the executor has not made an appraisal that is needed in order to comply with the provisions of ORS § 118.005 to 118.540, the department may cause an appraisal to be made by a fee appraiser to so ensure compliance.
Terms Used In Oregon Statutes 118.535
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Appraisal: A determination of property value.
- Executor: A male person named in a will to carry out the decedent
(2) The cost of the appraisal including the appraiser’s fee as a witness in the event of an appeal shall be paid out of the taxes collected under this chapter before the net revenue is credited to the General Fund as provided in ORS § 118.510. [1979 c.516 § 3; 1997 c.99 § 16]
118.535 was added to and made a part of ORS Chapter 118 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.