What are property tax deferral programs?
The Oregon Legislature established programs that allow qualifying citizens to delay paying property taxes on their residences—including manufactured homes, houseboats, multi-family, and income-producing properties (e.g., home business). If you qualify for one of the deferral programs, the state will pay your property taxes to the county. A lien will be placed on your property. You will be charged lien fees, which are deferred. Interest on the deferred taxes, at 6 percent per year, also is deferred.
