Real Market Value definition
Real Market Value for land means the current market value of the property (not including improvements) assigned to the land within the tax lot, adjacent riparian tax lot, or comparable tax lot by the county tax assessor.
Real Market Value. (“RMV”) means the lower of RMV established by the tax assessor for the year in which the TFRP was acquired or the year of the Sale Date.
Real Market Value means real market value computed in accordance with ORS 308.207.
More Definitions of Real Market Value
Real Market Value means real mar- ket value computed in accordance with ORS 308.207.
Real Market Value means “the amount in cash that could reasonably be expected to be paid by an informed buyer to an informed seller, each acting without compulsion in an arm’s-length transaction occurring as of the assessment date for the tax year.” ORS 308.205(1).