Or. Admin. R. 150-311-0710 - Voluntary Payments on Property Tax Deferral Accounts
(1) When the department receives voluntary
payments, it will apply the payments in the following order:
(a) Against all accrued interest first;
(b) Then to the deferral tax
balance until fully paid; and
(c)
Lastly to the lien recording and release fees.
(2) Subject to ORS
311.684 and
311.686(2),
when the department receives full payment on the account and a written
statement from the taxpayer asking for removal of the property from the
deferral, the department will release the lien against the property. When the
department receives full payment on a disqualified account, the department will
release the lien against the property.
Notes
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 311.690
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