Oregon Statutes 311.549 – Delinquent taxes on machinery and equipment collectible as taxes on real or personal property
(1) The tax collector of a county in which property taxes on machinery and equipment are delinquent may, at the tax collector’s discretion, collect the delinquent taxes pursuant to:
Terms Used In Oregon Statutes 311.549
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(a) The provisions of ORS Chapter 311 applicable to personal property; or
(b) The provisions of ORS Chapter 312 establishing foreclosure proceedings with respect to liens against real property.
(2) If machinery and equipment and the real property upon which the machinery and equipment is located are owned by the same persons, both the machinery and equipment and the real property may be included in a foreclosure proceeding pursuant to ORS Chapter 312 whenever the taxes on either the machinery and equipment or the real property are delinquent. [2012 c.30 § 5]
311.549 was added to and made a part of ORS Chapter 311 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.