Oregon Revised Statutes Chapter 308 § 308.146 — Determination of maximum assessed value and assessed value; reduction in
Oregon Revised Statutes Chapter 308 ·
Oregon Code § 308.146·Enacted ·Last updated March 01, 2026
Statute Text
Determination of maximum assessed value and assessed value; reduction in
maximum assessed value following property destruction; effect of conservation
or highway scenic preservation easement.
(1) The maximum assessed value of property equals 103
percent of the propertys assessed value from the prior year or 100 percent of
the propertys maximum assessed value from the prior year, whichever is
greater.
(2) Except as
provided in subsections (3) and (4) of this section, the assessed value of
property to which this section applies equals the lesser of:
(a) The propertys
maximum assessed value; or
(b) The propertys
real market value.
(3)
Notwithstanding subsections (1) and (2) of this section, the maximum assessed
value and assessed value of property must be determined as provided in ORS
Plain English Explanation
This Oregon statute addresses Determination of maximum assessed value and assessed value; reduction in
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 308.146
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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