ORS 195.332: Fair market value of property.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
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 property’s 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]
Administrative rules citing this section
- OAR 660-002-0010: Authority to Director — implements
- OAR 660-004-0023: Reasons Necessary to Justify an Exception for a Substantially Developed Subdivision to Receive Transferred Development Credits Under Goal 2, Part II(c) — implements
- OAR 660-004-0040: Application of Goal 14 to Rural Residential Areas — implements
- OAR 660-029-0000: Purpose — implements
- OAR 660-029-0010: Definitions — implements
- OAR 660-029-0020: County Authority to Establish a M49 TDC System — implements
- OAR 660-029-0030: Sending Properties — implements
- OAR 660-029-0040: Calculation and Types of Transferable Development Credits — implements
- OAR 660-029-0050: Process for Creating Transferable Development Credits — implements
- OAR 660-029-0060: Protection of Sending Properties — implements
- OAR 660-029-0070: Conveyance of TDC Ownership — implements
- OAR 660-029-0080: Designation of Receiving Areas — implements
- OAR 660-029-0090: Process for Using Transferable Development Credits — implements
- OAR 660-029-0100: Interjurisdictional Transfer of Development Credits — implements
- OAR 660-029-0110: TDC Bank Option — implements
- OAR 660-029-0120: Amending or Abolishing a TDC System — implements
- OAR 660-041-0000: Purpose and Applicability — implements
- OAR 660-041-0010: Definitions — implements
- OAR 660-041-0020: Contents of a Measure 37 Claim Based on a DLCD Regulation — implements
- OAR 660-041-0030: Notice of Applications and Decisions — implements
- OAR 660-041-0040: When a DLCD Measure 37 Waiver Was Required — implements
- OAR 660-041-0060: Effect of 2007 Ballot Measure 49 on DLCD Measure 37 Waivers — implements
- OAR 660-041-0070: State Agency and Special District Land Use Coordination and DLCD Measure 37 Waivers — implements
- OAR 660-041-0080: Supplemental Information for Supplemental Review of Measure 37 Claims under Measure 49 and Fees under Chapter 855, Oregon Laws 2009 and Chapter 8, Oregon Laws 2010 — implements
- OAR 660-041-0090: Procedures for Supplemental Review of Measure 37 Claims under Measure 49 — implements
- OAR 660-041-0100: Submissions to DLCD Regarding Supplemental Review of a Measure 37 Claim under Measure 49 — implements
- OAR 660-041-0110: Determining What Was Lawfully Permitted on the Claimant’s Acquisition Date — implements
- OAR 660-041-0120: Evaluation of Measure 37 Contiguous Property in Supplemental Review — implements
- OAR 660-041-0130: High-Value Farmland and High-Value Forestland — implements
- OAR 660-041-0140: Groundwater Restricted Areas — implements
- OAR 660-041-0150: Combining and Dividing Claims — implements
- OAR 660-041-0160: Appraisals Under Section 7 of Measure 49 — implements
- OAR 660-041-0170: Notice of County Applications and Decisions Under Measure 49 — implements
- OAR 660-041-0180: County Implementation of Measure 49 Authorizations — implements
- OAR 660-041-0500: Purpose and Applicability — implements
- OAR 660-041-0500: Purpose and Applicability — authority
- OAR 660-041-0510: Definitions — implements
- OAR 660-041-0520: Procedures for Measure 49 Claims — implements
- OAR 660-041-0520: Procedures for Measure 49 Claims — authority
- OAR 660-041-0530: Coordinating with Other Regulating Entities — implements
- OAR 660-041-0530: Coordinating with Other Regulating Entities — authority
This rule cites
- ORS 195.305 — resolved
- 195.336 — resolved
Cited by
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors195.html