Oregon § 198.880 Effect on withdrawn area

Oregon Statutes

§ 198.880 — Effect on withdrawn area

Oregon § 198.880

Vol.5

Title 19Miscellaneous Matters Related to Government and Public Affairs

Ch. 198Special Districts Generally

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Bluebook

Or. Rev. Stat. § 198.880 (2026).

Text

The described area withdrawn shall, from the date of entry of the order, be free from assessments and taxes levied thereafter by the district. However, the withdrawn area shall remain subject to any bonded or other indebtedness existing at the time of the order, except as provided by ORS 198.882. The proportionate share shall be based on the assessed valuation, according to the assessment roll in the year of the levy, of all the property contained in the district immediately prior to the withdrawal.

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The described area withdrawn shall, from the date of entry of the order, be free from assessments and taxes levied thereafter by the district. However, the withdrawn area shall remain subject to any bonded or other indebtedness existing at the time of the order, except as provided by ORS 198.882. The proportionate share shall be based on the assessed valuation, according to the assessment roll in the year of the levy, of all the property contained in the district immediately prior to the withdrawal.