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

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to provide an independent appraisal...
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: 1 year ago.Category: Tax
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3/12/2016
Tax Professional: Lev, Tax Advisor replied 1 year ago
Lev
Lev, Tax Advisor
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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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