New construction including additions, remodeling, and rehabilitation, not in the current reappraisal area, shall be valued using the same appraisal data used for the building classes in that area when last appraised. The resulting value for new construction shall then be adjusted from the base appraisal year in the same manner as similarly classed improvements in the area.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 308.275

History

Renumbered from 150-308.275(1), REV 56-2016, f. 8-13-16, cert. ef. 9-1-16
RD 8-1992, f. 12-29-92, cert. ef. 12-31-92
RD 9-1989, f. 12-18-89, cert. ef. 12-31-89
3-70
1-66
11-59
1-54