Oregon Statutes 308.135 – Trustee or personal representative separately assessed; valuation of property held as representative
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When any person is assessed as trustee, guardian, executor or administrator:
Terms Used In Oregon Statutes 308.135
- Executor: A male person named in a will to carry out the decedent
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Personal property: All property that is not real property.
- Trustee: A person or institution holding and administering property in trust.
(1) A designation of the representative character shall be added to the name of the person.
(2) The assessment shall be entered in a separate line from the individual assessment of the person.
(3) The person shall be assessed for the real and personal property held by the person in the representative character in accordance with ORS § 308.232. [Amended by 1981 c.804 § 33]
[1983 c.307 § 1; renumbered 223.317 in 1987]
MAXIMUM ASSESSED VALUE AND ASSESSED VALUE
(Generally)