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.
ORS 271.785
Applied in 1 court decision — leading case Lane County Assessor v. Briggs (2002)
Most recently applied in Lane County Assessor v. Briggs (August 2002)
1983 c.642 §8; 1985 c.160 §6; 1991 c.459 §371; 2007 c.809 §18
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.