OAR 150-311-0680: Senior Citizen’s Deferred Tax Lien Estimate

(1) For all Senior Citizen Deferral accounts established under ORS 311.666 through 311.696, the department must record a lien estimate in the mortgage records of the appropriate county. The lien estimate is made from the following: (a) Future deferred taxes based on the taxpayer-applicant’s life expectancy, as determined by actuarial tables, with an inflation factor added for the tax amount, (b) Interest to be charged, and (c) Fees paid for lien recording, release, or satisfaction. (2) The amount owing on an account, at any one time, equals the actual deferred tax, interest on the account, and any lien recording, release or satisfaction fees.