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Property Tax Resources

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Oregon Property Tax Updates

UPDATED JUNE 2019

Government Restrictions on Property Impact Real Market Value

Often overlooked by the assessor is the impact of conditions of approval for a development that impact the use of the property. A developer that is required to set aside a portion of its property for non-development uses is not utilizing the property to the highest and best use of the current zoning, and should not be paying full taxes or in some instances any taxes on that property. An example is a developer required to put aside several parcels of property for park use as a condition of a multi-family planned development. These parcels cannot be used for commercial use because of the government restriction on the property's use and the value to the owner is zero. Similarly, a city or county that places a conservation easement over a portion of property is placing a government restriction on that property that must be taken into account when considering the real market value of the property. The impacts of these restrictions need to be pointed out to the assessor who may not be aware of the government restriction and instead place a real market value per square foot over the property without any adjustments.

Cynthia M. Fraser
cfrasThis email address is being protected from spambots. You need JavaScript enabled to view it.
Garvey Schubert Barer,
P.C.

American Property Tax Counsel (APTC)

Oklahoma Property Tax Updates
Pennsylvania Property Tax Updates

American Property Tax Counsel

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