What are losses from discounts and uncollectables?
Oregon law grants a discount to taxpayers who pay their property taxes on time. If the full amount is paid by November 15, a three percent discount is granted. If two-thirds of the total amount is paid by November 15, a two percent discount is granted. Because of this discount, you will never receive 100 percent of the taxes billed. Additionally, not all taxpayers pay their property taxes right away. The amounts not paid in the year billed are called “uncollectables” for that budget period. These uncollectables become the delinquent taxes that flow in later as “previously levied taxes.” Your county tax collector can tell you the county’s annual collection percentage. A table of collection percentages can also be found in the annual Local Budget Law and Notice of Property Tax Forms booklets. The collection percentage tells you the percentage of current year taxes that are actually collected after the losses from discounts and uncollectables are subtracted. Multiply the amount of taxes b
Oregon law grants a discount to taxpayers who pay their property taxes on time. If the full amount is paid by November 15, a three percent discount is granted. If two-thirds of the total amount is paid by November 15, a two percent discount is granted. Because of this discount, you will never receive 100 percent of the taxes billed. Additionally, not all taxpayers pay their property taxes right away. The amounts not paid in the year billed are called “uncollectables” for that budget period. These uncollectables become the delinquent taxes that flow in later as “previously levied taxes.” Your county tax collector can tell you the county’s annual collection percentage. A table of collection percentages can also be found in the annual Local Budget Law and Notice of Property Tax Forms booklets. The collection percentage tells you the percentage of current year taxes that are actually collected after the losses from discounts and uncollectables are subtracted. Multiply the amount of taxes b
