Whenever any of the circumstances listed in ORS 311.684 occurs:
(1) The deferral of taxes for the assessment year in which the circumstance occurs shall continue for such assessment year; and
(2) The amounts of deferred property taxes, including accrued interest, for all years shall be due and payable to the Department of Revenue August 15 of the year following the calendar year in which the circumstance occurs, except as provided in subsection (3) of this section, ORS 311.688 and 311.695.
(3) Notwithstanding the provisions of subsection (2) of this section and ORS 311.695, when the circumstances occur listed in ORS 311.684 (4), the amount of deferred taxes shall be due and payable five days before the date of removal of the property from the state.
(4) If the amounts falling due as provided in this section are not paid on the indicated due date, or as extended under ORS 311.695 such amounts shall be deemed delinquent as of that date and the property shall be subject to foreclosure as provided in ORS 311.673 or 311.679. [1963 c.569 §16; 1971 c.572 §6; 1977 c.160 §10; 1983 c.550 §8; 1989 c.948 §6]
Section: Previous 311.678 311.679 311.680 311.681 311.682 311.683 311.684 311.686 311.687 311.688 311.689 311.690 311.691 311.692 311.693 NextLast modified: August 7, 2008