(1) If eligibility for deferral of taxes is established as provided in ORS 311.740 to 311.780, the Department of Revenue shall notify the county assessor and the county assessor shall show on the current ad valorem assessment and tax roll which property is tax deferred property by an entry clearly designating such property as tax deferred property.
(2) When requested by the department, the tax collector shall send to the department as soon as the taxes are extended on the roll the tax statement for each tax deferred property.
(3) Interest shall accrue on the deferred taxes at the rate of nine percent per annum. [1977 c.695 §8]Section: Previous 311.755 311.759 311.760 311.761 311.765 311.770 311.771 311.775 311.780 311.785 311.790 311.795 311.796 311.800 311.804 Next
Last modified: August 7, 2008