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Marion County <br /> OREGON <br /> MI ASSESSOR'S OFFICE PO BOX 497 <br /> SALEM, OR 97309 <br /> 4/6/2020 <br /> CRESSER,JULIE <br /> 4487 ESSEX ST SE <br /> SALEM, OR 97317 <br /> Dear Buyer: <br /> The Marion County Assessor is required by law to value all property at real market value (ORS 308.232). This is <br /> defined as what it would sell for in cash terms paid by an informed buyer to an informed seller, each acting without <br /> compulsion in an arm's length transaction (ORS 308.205). Real estate sales are the best evidence of real market <br /> value. <br /> Therefore, would you please take a few minutes to fill in the questionnaire on the back of this letter with regard to <br /> your recent transaction? <br /> HOW WILL THE INFORMATION BE USED? • <br /> . ■y . • <br /> R `T • <br /> aY' <br /> write tl y ~ 4 1 S .T �. 1 1 ♦}.� <br /> We do not use the information you provide to directly revalue your property. Instead, we use it 0p develop and <br /> refine a model for predicting sales prices of all properties of the same type (i.e., homes, manufactured and mobile <br /> homes, land, as applicable) in Marion County. This helps us to value properties consistently, end in keeping with • <br /> market changes. <br /> Please note that under Oregon law the sale of property does not automatically result in reassessment of the <br /> property. We revalue property at the same time as all properties of the same type in that area or neighborhood, <br /> or because physical or legal changes have occurred with that particular property, or occasionally because our <br /> records have been corrected regarding true characteristics of the property. <br /> WHY THESE SPECIFIC QUESTIONS? <br /> Several of the questions are to determine whether your transaction was reflective of"market" value and, therefore, <br /> . fill for our studies. Other questions help us make adjustments for special circumstances. For example, selling <br /> .P+',yes include more than just the land and buildings, such as furniture or vehicles. We see .tci 4, <br /> detern u � c 'i <br /> 'or those items that are taxable. . <br /> Thank you for taking time to fill out and returq the questionnaire. For questions regarding this, or any othej; <br /> assessmen ,riitee, please give q tcall. „ ' a. '+ <br /> r • e k.l $ <br /> Data Analyst Section <br /> Van Khieu (503) 584-4706 <br /> John Crouch (503) 588-5133 <br />