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As trustee of my mothers estate, am I required by Oregon law

Customer Question

As trustee of my mothers estate, am I required by Oregon law to provide an independent appraisal of real estate property, or can its value be determined by the counties assessed tax value?
Submitted: 8 months ago.
Category: Tax
Expert:  Lev replied 8 months ago.

Yes if that appraised value is used for real property value for estate tax purposes.

http://www.oregon.gov/DOR/forms/FormsPubs/form-or-706_104-001_2015.pdf

page 9

When you complete the return, assemble all the required pages together in the following order:

-- Independent fee appraisals for real property wherever located, used to support reported value.

But if you are using the tax value for that purposes - no need to do an independent appraisal of a real estate property.

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