Reductions in Property Value Due to the Presence of Construction Defects

Last month the Oregon Supreme Court recognized and seemingly affirmed a strategy to reduce taxable property value due to the existence of construction defects. In Oakmont, LLC v. Oregon Dept. of Revenue (2016), the owner of an apartment complex valued at approximately $21million negotiated with the county assessor to reduce the taxable value by sixty and seventy percent respectively for two years. The owner sought a similar reduction for an earlier tax year based on the presence of a “likely error” in the assessor’s valuation then, but was denied.    Read the article……………..


Related Articles

Tax Deed Purchasers Make An End Run Around HOA Fees

Late last year Florida’s Fifth District Court of Appeals delivered an early Christmas present to these new parcel owners in

No Insurance For Land Developer and Condo Board Member For Attempt To Rezone Condo Real Estate For Casino

In its recent decision in State Farm Fire& Cas. Co. v. Anderson, 2013 U.S. Dist. LEXIS 57837 (S.D. Miss. Apr.

After the Spanish Court case: Limits of Board authority to maintain collection action highlighted in recent appellate court opinion

In the recent case of 4934 Forrestville Condominium Association v. McKinley, the First District Appellate Court held in the context