OAR 150-308-0120
Reduction of Maximum Assessed Value (MAV) When a Building is Demolished or Removed
# (1)
(1) As used in ORS 308.146(8)(a), "reduction in real market value" means the total real market value (RMV) after adjustment is less than it would otherwise have been, had the demolition or removal not occurred.
# (2)
(2) As used in section (3) of this rule, the "year" in which the RMV is reduced due to demolition or removal is either:
(a) The assessment year, or
(b) The tax year, if RMV is determined as of July 1 under ORS 308.146(6).
# (3)
(3) When a building is demolished or removed, use the following procedure to adjust the maximum assessed value (MAV) for the year in which the demolition or removal is reflected by a reduction in RMV.
Amendment history
REV 32-2018, amend filed 12/31/2018, effective 01/01/2019
Source: view the official text
In this chapter (40 sections)
- 150-308-0010 · Continuing Education Requirements for Registered…
- 150-308-0020 · Revocation of Appraiser Registration
- 150-308-0030 · County Appraiser Trainee Exam Preparation Course
- 150-308-0040 · Standards for Imposition, Waiver, and Reduction of…
- 150-308-0050 · Continuing Education Requirements for Assessors
- 150-308-0060 · Continuing Education Requirement for Appraisal Managers…
- 150-308-0070 · Qualifications of Managerial Employees of the Assessor’s…
- 150-308-0080 · Taxable Personal Property Whose Temporary Situs Is in…
- 150-308-0090 · Billboards as Real Property
- 150-308-0100 · Determining Maximum Assessed Value when the Property…
- 150-308-0110 · Reduction of Maximum Assessed Value (MAV) for Property…
- 150-308-0120 · Reduction of Maximum Assessed Value (MAV) When a…
- 150-308-0130 · Definitions
- 150-308-0140 · Computation of Changed Property Ratio for Centrally…
- 150-308-0150 · Net Capitalized Additions
- 150-308-0160 · Minor Construction
- 150-308-0170 · Establishing a Changed Property Ratio
- 150-308-0180 · Definition of Affected
- 150-308-0190 · Subdivided and Partitioned Property MAV
- 150-308-0200 · Rezoned Property — Calculating Maximum Assessed Value…
- 150-308-0210 · Omitted Property—Allocating Maximum Assessed Value (MAV)
- 150-308-0220 · Exemption, Partial Exemption or Special Assessment…
- 150-308-0230 · Calculation of Maximum Assessed Value (MAV) for Lot Line…
- 150-308-0240 · Real Property Valuation for Tax Purposes
- 150-308-0245 · Partial Exemptions and Special Assessments of Land
- 150-308-0250 · Derivation of Capital Structure and Discount Rates for…
- 150-308-0260 · Industrial Property Valuation for Tax Purposes
- 150-308-0270 · Valuation of Contaminated Property
- 150-308-0280 · Measuring Functional Obsolescence in Industrial Property
- 150-308-0290 · Effective Tax Rate
- 150-308-0300 · Valuation Review of State-appraised Industrial Property.
- 150-308-0310 · Real Market Value and Property Classification as Part of…
- 150-308-0320 · Property With Multiple Leases Assessed as One Parcel
- 150-308-0330 · Contents of Assessment Roll for Condominiums
- 150-308-0340 · Printout or Microfiche Required When Assessment and Tax…
- 150-308-0350 · Filing Requirements for Certain Delayed Annexations by…
- 150-308-0355 · Filing Requirements for Boundary Changes
- 150-308-0360 · Appraisals of Real Property by Registered Appraisers
- 150-308-0370 · Determining Taxable Value for Assessment Charges on…
- 150-308-0380 · Appraisal of Real Property