Oregon § 311.755 Time for payment; interest on deferred taxes; delinquency

Oregon Statutes

§ 311.755 — Time for payment; interest on deferred taxes; delinquency

Oregon § 311.755

Vol.8

Title 29Revenue and Taxation

Ch. 311Collection of Property Taxes

This text of Oregon § 311.755 (Time for payment; interest on deferred taxes; delinquency) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 311.755 (2026).

Text

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 of the disaster area designation has occurred and November 15 of each year thereafter.

(2)Interest shall accrue against the unpaid taxes and shall be paid with each one-fifth payment for the period of time the taxes have remained unpaid at the rate provided in ORS 311.775.

(3)The amounts designated in subsections (1) and (2) of this section shall be paid directly to the Department of Revenue on or before November 15 of each year in which they are due.

(4)If the amounts falling due as provide

Free access — add to your briefcase to read the full text and ask questions with AI

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 of the disaster area designation has occurred and November 15 of each year thereafter.
(2) Interest shall accrue against the unpaid taxes and shall be paid with each one-fifth payment for the period of time the taxes have remained unpaid at the rate provided in ORS 311.775.
(3) The amounts designated in subsections (1) and (2) of this section shall be paid directly to the Department of Revenue on or before November 15 of each year in which they are due.
(4) If the amounts falling due as provided in this section are not paid on the indicated due date, such amounts shall be deemed delinquent as of that date and the property shall be subject to foreclosure as provided in ORS 311.771.
(5) All moneys collected by the department pursuant to this section shall be deposited into the General Fund.