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Property Tax Deferral Application Oregon Gov Form

Property Tax Deferral Application Oregon Gov Form

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i'll spill 40 39 related to tax deferral programs and prescribing an effective date representative barnhart thank you mr speaker house bill 4039 refers or deals with the issue of the senior property tax deferral as you will recall the legislature adopted a this program approximately 40 years ago and during the the entire time that it's been in existence until just lately we've had the good fortune of living in an environment in which housing values have been increasing over time the result of that is that a program like this which allows for deferred taxes on the part of a senior citizen who qualifies on the basis of income those taxes to be paid by the fund and the restoration of the fund to occur at the sale of the home has worked very well over all those years with the change that occurred in 2007 the so-called bursting of the housing bubble and the decline of home values the formula that was used to support this program no longer worked the way it had before

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Property Tax Deferral Oregon

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