What is a tax deferral program?

A tax deferral program is a type of program that provides assistance to property owners in Oregon who are temporarily unable to pay their property taxes due to financial hardship. Under a deferral program, the taxpayer and the county are given an agreement that allows the taxpayer to make reduced payments or no payments towards their tax bill for a period of time. Once the deferred period is over, the taxpayer is expected to pay the full amount due in one lump sum, or to set up a payment plan for the remaining balance. In order to be eligible for a deferral program, the taxpayer must demonstrate that they are unable to pay their property taxes due to financial hardship. Tax deferral programs are an important tool for helping property owners stay on top of their taxes and avoid foreclosure or other forms of delinquency. By allowing taxpayers to pay their property taxes in installments, it can provide much needed relief to property owners who are struggling financially. Additionally, it can help prevent the county from suffering a loss, as the taxes will eventually be paid. Tax deferral programs are available to all taxpayers in Oregon who are eligible, regardless of income.

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What is a tax deferral program?

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