Section 311.413 - Effect of acquisition of property by eminent domain on taxes for fiscal year of acquisition.

OR Rev Stat § 311.413 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(2) In the event the real property acquired by the state or any political subdivision thereof is a part of a larger parcel upon which property taxes have been levied for the fiscal year of such acquisition, only such proportion of said taxes as the assessed value of the part acquired by the state or a political subdivision thereof bears to the assessed value of said larger parcel shall be paid by the state or the political subdivision thereof or become a lien and be paid out of the award of the jury as provided in this section, and the remainder of such taxes shall continue a lien upon the remainder of said larger parcel. [1953 c.539 §2]