What are the penalties for not paying my property taxes?

In Oregon, penalties for not paying property taxes can be serious. If a person does not pay their taxes by the due date of December 31st, a 10% penalty will be added to the amount due. Nonpayment penalty increases by 1% for each month that passes. After 12 months of nonpayment, a lien is placed on the property. This lien allows the county to either take the property for payment or sell the lien itself if the owner fails to pay. There is also a $30 recording fee the county adds to the lien. In addition to the lien, interest will also accumulate on unpaid balances and is compounded annually (12%). Interest accrues on unpaid taxes from the day after the due date up until the day of payment. Finally, the county will impose an additional fee for a warrant of distraint if the entire balance is not paid in full. A warrant of distraint is an order for the county to seize the property and sell it to pay the tax debt. Given all these penalties for not paying property taxes, it is best for individuals to pay before the December 31st due date. It is important to budget for property taxes and be aware of the tax rate for each year. Taking proactive steps to ensure taxes are paid on time can help avoid additional penalties and fees.

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