Or. Admin. R. 150-311-0710 - Voluntary Payments on Property Tax Deferral Accounts
Current through Register Vol. 61, No. 4, April 1, 2022
(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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