Oregon Statutes 275.260 – Lands acquired by county on tax foreclosure exempt from taxes of other taxing districts
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No claim shall ever be allowed against the county in favor of any municipal corporation, school district, road district or other taxing district for taxes levied on the property heretofore or hereafter acquired by any county by foreclosure of delinquent taxes or otherwise under ORS § 275.090 to 275.220, but all taxes shall at the time of the acquisition of the property by such county thereby be canceled.
Terms Used In Oregon Statutes 275.260
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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
[Repealed by 1969 c.595 § 17]