Reduction of Maximum Assessed Value of Demolished or Removed Buildings
When a building is voluntarily demolished or removed from the property, for the year in which the demolition or removal of the building is reflected by a reduction in real market value, the maximum assessed value of the property may be reduced to reflect the demolition or removal of the building. This excludes fire or Acts of God. Proration of taxes is not available.
When to file:
File after the demolition or removal and on or before December 31st following the assessment date that reflects the demolition or removal.
Multnomah County Assessor's office
501 SE Hawthorne Blvd, Suite 200
Portland, OR 97214
A county appraiser will reappraise the property and will determine the status as of the assessment date (January 1st). If determined that the structure has been removed, the MAV may be adjusted to reflect the loss.