Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 311 - COLLECTION OF PROPERTY TAXES
Section 150-311-0500 - Discount on Taxes as a Result of Addition of Current Year Value under ORS 311.208
Universal Citation: OR Admin Rules 150-311-0500
Current through Register Vol. 63, No. 9, September 1, 2024
(1) When value is added to the roll under ORS 311.208 any additional taxes due are eligible for the discount allowed under 311.507 if paid on or before the 15th of the month next following the month billed.
(2) Discount must be allowed on the payment of taxes resulting from additional value added to the current assessment and tax roll if the payment is sufficient to pay all outstanding taxes on the account plus the tax resulting from the additional value.
(a) A 3 percent discount is allowed on the
entire additional property tax amount if it is paid on or before the 15th of
the month following the month of the correction.
(b) A 2 percent discount is allowed on
two-thirds of the additional property tax amount if it is paid on or before the
15th of the month following the month of the correction. The remaining
one-third amount is due on or before the May trimester due date; otherwise
interest will accrue on the balance due as specified in ORS
311.208.
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 311.507
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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