Oregon Code § 195.332·Enacted ·Last updated March 01, 2026
Statute Text
Fair
market value of property.
For the purposes of ORS 195.305 to 195.336 and sections 5 to 11, chapter 424,
Oregon Laws 2007, sections 2 to 9 and 17, chapter 855, Oregon Laws 2009, and
sections 2 to 7, chapter 8, Oregon Laws 2010, the fair market value of property
is the amount of money, in cash, that the property would bring if the property
was offered for sale by a person who desires to sell the property but is not
obligated to sell the property, and if the property was bought by a person who
was willing to buy the property but not obligated to buy the property. The fair
market value is the actual value of property, with all of the propertys
adaptations to general and special purposes. The fair market value of property
does not include any prospective value, speculative value or possible value
based upon future expenditures and improvements. [2007 c.424 §21b]
Plain English Explanation
This Oregon statute addresses Fair
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 195.332
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Fair
. Read the full statute text above for details.
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The formal citation is Oregon Code § 195.332. Use this format in legal documents and court filings.
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