Section 311.740 – Definitions for ORS 311.740 to 311.780.
As used in ORS 311.740 to 311.780: (1) “Commissioners” means the county court, board of county commissioners or other governing body of a county. (2) “Department” means the Department of Revenue. (3) “Disaster area” means an area within the State of Oregon which the Governor of the State of Oregon has named and declared to […]
Section 311.745 – Election to defer taxes in disaster area; eligibility.
(1) Subject to ORS 311.750, the taxpayer who has land situated in a disaster area and whose land is adversely affected by the disaster area may, on or before September 1 of each year, elect to defer the taxes levied on the land of the taxpayer for that year. To exercise the option, each taxpayer […]
Section 311.750 – Qualifications.
In order to qualify for tax deferral under ORS 311.740 to 311.780, the property must meet all of the following requirements when the claim is filed and each year thereafter so long as the payment of taxes by the taxpayer is deferred: (1) The property must be located in a disaster area. (2) If the […]
Section 311.755 – Time for payment; interest on deferred taxes; delinquency.
When the area in which the land is located ceases to become a disaster area, the deferred taxes will be due and payable as follows: (1) One-fifth (20 percent) of the deferred taxes shall be payable on or before November 15 of the year following the close of the calendar year in which the termination […]
Section 311.759 – Voluntary payment; satisfaction of deferred property tax lien.
(1) Notwithstanding ORS 311.755, all or part of the deferred taxes and accrued interest may be paid at any time to the Department of Revenue. (2) When the deferred taxes and accrued interest are paid in full and the property is no longer subject to tax deferral under ORS 311.740 to 311.780, the department shall […]
Section 311.761 – Recordation of tax deferred properties; recording constitutes notice of lien.
(1) On its approval of an application to defer taxes on land, the Department of Revenue shall record in each county in which there is tax deferred property under ORS 311.740 to 311.780 in the mortgage record of the county the list of the tax deferred properties of that county. The list shall contain a […]
Section 311.771 – Liens; priority; foreclosure proceeding.
(1) The Department of Revenue shall have a lien against the tax deferred property for the payment of the deferred taxes plus interest thereon. The liens for deferred taxes shall attach to the property on July 1 of the year in which the taxes were assessed. The deferred property tax liens shall have the same […]
Section 311.775 – Notice of deferral to assessor by department; rate of interest on deferred taxes.
(1) If eligibility for deferral of taxes is established as provided in ORS 311.740 to 311.780, the Department of Revenue shall notify the county assessor and the county assessor shall show on the current ad valorem assessment and tax roll which property is tax deferred property by an entry clearly designating such property as tax […]
Section 311.780 – Payment of tax deferred amounts to county by state; availability of moneys.
(1) Upon receipt of the notification from the Department of Revenue of the amount deferred on tax deferred property under ORS 311.740 to 311.780, the Oregon Department of Administrative Services shall pay to the respective county tax collectors an amount equivalent to the full amount of tax listed by the Department of Revenue less three […]