Taxation of property subject to highway scenic preservation easement
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]
Note: Section 21, chapter 809, Oregon Laws 2007, provides:
Sec. 21. Sections 2 to 7 of this 2007 Act [308A.450 (Definitions) to 308A.465 (Inspection by holder)] and the amendments to ORS 215.236 (Nonfarm dwelling in exclusive farm use zone), 271.785 (Taxation of property subject to highway scenic preservation easement), 308A.253 (Qualification of homesites), 308A.318 (Change in use of open space land), 308A.703 (Additional taxes upon disqualification), 308A.706 (Circumstances when additional taxes are deferred), 308A.707 (Additional taxes when land disqualified from small tract forestland assessment), 308A.712 (Determining amount of deferred additional taxes and period for which additional taxes are due), 308A.718 (Assessor to send notice upon disqualification or forestland change in use), 308A.724 (Application for change of special assessment following disqualification), 308A.733 (Withdrawal of change of special assessment application), 308A.743 (Disqualification limited when land subject to conservation and management plan, conservation easement or deed restriction) and 321.716 (Disqualification) by sections 8 to 20 of this 2007 Act apply to tax years beginning on or after July 1, 2008. [2007 c.809 §21]
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