Property Tax Deferral for Disabled or Senior Citizens

State

Oregon

Year

2006

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Deferral

Benefit

The benefit is a deferral of property taxes with a 6% interest rate. The state pays the county the property taxes, and the property owner owes the money to the state.

How is Benefit Disbursed

Other

Eligible Property Type

Residential

Characteristics of Eligible Property

Only homestead property is eligible for this program.

Eligibility Criteria

Age

Disability

Homeowner

Income Ceiling

Principal Residence

Surviving Spouse

Description of Eligibility Criteria

This program is available to persons aged 62 and older or disabled with incomes under a yearly threshold. The 2006 income threshold is federal adjusted gross income of $35,000. The limit is calculated annually comparing the Consumer Price Index (CPI) of the first 6 month of the prior year with the first 6 months of the current year. "Person with a disability" means a person who has been determined to be eligible to receive or who is receiving federal Social Security benefits due to disability or blindness, including a person who is receiving Social Security survivor benefits in lieu of Social Security benefits due to disability or blindness. If 2 or more individuals are filing a claim jointly under the age eligibility criteria, all applicants must be over age 62.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

State reimburses all of the local government tax loss

Description of State Funding for Tax Loss

For persons claiming this deferral, the state annually reimburses local governments the amount of taxes that would otherwise have been paid less 3% of the total. The state maintains a Senior Property Tax Deferral Revolving Account for the purposes of reimbursing local governments for revenues lost as a result of this program.

Enrollment Data

In fiscal year 2006-07 there were 8,627 participants, for a total deferral of $13.8 million of taxes with the average amount paid per account of $1,595.

Record ID

OR101_RR06

Footnotes

Taxes become payable upon: (a) the death of a claimant; (b) when the property is sold or no longer inhabited as a homestead (unless reasons of health prevent the owner from occupying the property as a homestead); or (c) when the qualifying disability ends. If income rises above the eligibility threshold, the amount of taxes for which the deferral is allowed shall decline by $0.50 for every $1.00 of income above the threshold. The deferral may be continued after the property is condemned by the Department of Transportation. Annual claims must be submitted to qualify for this program. Persons meeting the age-based eligibility criteria for this program may also submit a claim for the deferral of any property taxes levied on homesteads as part of a special assessment for local improvements. This claim is separate and in addition to the claim form required for the overall deferral.

Sources

Or. Rev. Stat. § 311.666 ~ § 311.701 (in effect for 2006); Or. Rev. Stat. § 311.702 ~ § 311.735 (in effect for 2006)
Property Tax Publication (2010), Oregon Department of Revenue [http://www.oregon.gov/DOR/PTD/docs/490-015.pdf Accessed on 05/04/2010] View Archived Source
Property Taxes: Deferral Programs (2010), Oregon Department of Revenue [http://www.oregon.gov/DOR/SCD/disableddef.shtml Accessed on 05/04/2010] View Archived Source
Public Finance: Basic Facts (2006), Legislative Revenue Office, p. E5 [http://www.leg.state.or.us/comm/lro/rr1_06_oregon_publicfinance_basicfacts.pdf Accessed on 05/04/2010] View Archived Source

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