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 to 308A.465] and the amendments to ORS 215.236, 271.785, 308A.253, 308A.318, 308A.703, 308A.706, 308A.707, 308A.712, 308A.718, 308A.724, 308A.733, 308A.743 and 321.716 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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