Property destruction or damage during first six months of assessment year
- • July 1 assessment date
(1) If, during the period beginning on January 1 and ending on July 1 of an assessment year, any real or personal property is destroyed or damaged by fire or act of God, the owner or purchaser under a recorded instrument of sale in the case of real property, or the person assessed, person in possession or owner in the case of personal property, may apply to the county assessor to have the real market and assessed value of the property determined as of July 1 of the current assessment year.
(2) The person described in subsection (1) of this section shall file an application for assessment under this section with the county assessor on or before the later of:
(a) August 1 of the current year; or
(b) The 60th day following the date on which the property was damaged or destroyed.
(3) If the conditions described in subsection (1) of this section are applicable to the property, then notwithstanding ORS 308.210 (Assessing property), the property shall be assessed as of July 1, at 1:00 a.m. of the assessment year, in the manner otherwise provided by law. [1999 c.20 §2; 2007 c.450 §3]
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