For ad valorem tax purposes, land that is subject to a scenic easement acquired under ORS 390.332 or a scenic or public easement acquired under ORS 390.334 shall be valued at its real market value, less any reduction in value caused by the easement, and assessed in accordance with ORS 308.232. The easements shall be exempt from assessment and taxation as any land owned by the state is so exempt.
ORS 390.364
Known as the Oregon Recreation Trails System Act
The act spans §§ 390–390 (202 sections).
1973 c.558 §7; 1981 c.804 §98; 1991 c.459 §393
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.