Source: https://www.oregonlaws.org/ors/2007/311.390
Timestamp: 2020-01-22 16:29:57
Document Index: 464862864

Matched Legal Cases: ['§3', '§2', '§6', '§7', '§18', '§2', '§247', '§292', '§28', '§10', '§4']

ORS 311.390 - Tax and interest distribution percentage schedule - 2007 Oregon Revised Statutes
2007 ORS Vol. 8 Chapter 311 Section 311.390
2007 ORS 311.390¹
(1) When the tax collector receives the assessor’s certificate pursuant to ORS 311.115 (Delivery of assessment roll to tax collector), the tax collector shall prepare and file with the county treasurer a percentage schedule of the ratio of taxes on property, as defined in ORS 310.140 (Legislative findings), and other amounts to be collected, after reductions necessary to comply with section 11b, Article XI of the Oregon Constitution, after making adjustments in accordance with ORS 311.105 (Certificate of taxes levied or imposed) (1)(c), for each governmental unit as shown in such certificate, compared to the total of each of those amounts. Such schedule shall be approved by the county accountant, if one exists in the county, or by the county clerk before filing. Except as provided in subsections (2) and (3) of this section, the distribution of collections by the tax collector shall be made on the basis of the ratios computed pursuant to this section. The ratios computed pursuant to this section for a given fiscal year shall be used for the distribution of all taxes on property or penalties that have been imposed, collected and received for that fiscal year, regardless of the actual date of receipt, except for moneys retained by a county to pay bankruptcy costs under ORS 311.484 (Property tax bankruptcy account). Interest earned on moneys in the unsegregated tax collections account shall be distributed according to the ratio applicable to the year in which the moneys are distributed.
(5) If, after the ratios are computed under this section, a levy or tax is changed or a levy or tax is filed with the assessor pursuant to ORS 310.060 (Notice certifying taxes), that was not included in the tax distribution schedule for that year, future distributions of interest shall be based on the revised percentages that reflect the corrected or added levy or tax. No adjustments shall be made for previously distributed interest. [1963 c.606 §3; 1965 c.492 §2; 1967 c.105 §6; 1969 c.595 §7; 1983 c.310 §18; 1985 c.162 §2; 1991 c.459 §247; 1997 c.541 §292; 2001 c.114 §28; 2003 c.190 §§10,11; 2007 c.537 §4]