Taxes Unpaid Before Approval of Senior Deferral Application
(1)Delay of foreclosure is only available for real property. It is not available on personal property. To qualify for delay of foreclosure, the property owner’s household income must not exceed the limits allowed under ORS 311.668 (Eligibility of individuals by age or disability) for the immediately preceeding calendar year.
(2)When an application for property tax deferral has been submitted and approved by the department, the taxpayer is notified of that approval. If prior years’ taxes on the property subject to deferral remain unpaid on the date of approval, the applicant may apply for a delay of foreclosure by completing the appropriate application for all years in which unpaid taxes exist and submit that application to the county assessor, pursuant to ORS 311.693 (Application to delay foreclosure).
(a)Applications are accepted for delay of foreclosure only for delinquent taxes accumulated for tax years prior to the tax year for which property tax deferral is sought. An applicant may have several years’ worth of delinquent taxes covered under one or more delays of foreclosure.
(b)The delay of foreclosure will remain in effect until the property is disqualified under ORS 311.684 (Events requiring payment of deferred tax and interest), even if the homestead or taxpayer are inactivated from the deferral program for failure to meet one or more requirements under another deferral program statute.
(3)Interest will continue to accrue at the current county interest rate on any unpaid delinquent taxes covered under the delay of foreclosure.
(4)When the property is disqualified from the deferral program for an event listed in ORS 311.684 (Events requiring payment of deferred tax and interest), any deferred taxes plus interest and fees, along with the full amount of any delinquent taxes and applicable interest or other charges covered under the delay of foreclosure become due by August 15 the year following the disqualification.
Rule 150-311-0720 — Taxes Unpaid Before Approval of Senior Deferral Application,