Or. Rev. Stat. § 311.676
State to pay counties amount equivalent to deferred taxes
Oregon · Oregon Revised Statutes Chapter 311 — Collection of Property Taxes · Status: effective
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- Or. Rev. Stat. § 311.676, State to pay counties amount equivalent to deferred taxes, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2494592
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Full text
(1) Upon determining the amount of deferred taxes on tax-deferred property for the tax year, subject to available funds, the Department of Revenue shall pay to the respective county tax collectors an amount equivalent to the deferred taxes, less three percent, from the revolving account established under ORS 311.701.
(2) The department shall maintain accounts for each deferred property and shall accrue interest only on the actual amount of taxes advanced to the county.