Oregon Statutes - Chapter 311 - Collection of Property Taxes - Section 311.731 - Remittance to state of prepaid amounts when deferral ends.

(1) When an event described under ORS 311.716 occurs with respect to a homestead for which the Department of Revenue has prepaid special assessment improvement amounts under ORS 311.730 (1)(c), the appropriate local officer shall remit to the department the amount of the prepayment.

(2) The remittance shall be made on or before August 15 of the year following the calendar year in which the event occurs, in an amount equal to the amount of the prepayment not yet due and payable on the date of the remittance, plus accrued interest on that amount.

(3) The department shall enter the amount received against the account that has been set up for special assessment deferred property. The amount received shall be credited as provided in ORS 311.701. [1997 c.154 §23]

Section:  Previous  311.721  311.722  311.723  311.725  311.727  311.729  311.730  311.731  311.732  311.735  311.740  311.745  311.750  311.755  311.759  Next

Last modified: August 7, 2008