What is the lien date for real and personal property?

What is the lien date for real and personal property?

• A. July 1
• B. August 1
• C. September 1
• D. October 1

Answer: (A)

The lien date for real and personal property in Oregon is July 1. This date is significant because it establishes the assessment date for property tax purposes. On this date, the value of the property is determined, and it forms the basis for the property tax assessments for that fiscal year. Knowing the lien date is essential for property appraisers as it ensures that they evaluate and report the value of properties accurately for taxation. Understanding the importance of this date helps in appreciating how property values are affected through the entire assessment process, influencing taxation and fiscal planning for both property owners and local governments.

The lien date for real and personal property in Oregon is July 1. This date is significant because it establishes the assessment date for property tax purposes. On this date, the value of the property is determined, and it forms the basis for the property tax assessments for that fiscal year. Knowing the lien date is essential for property appraisers as it ensures that they evaluate and report the value of properties accurately for taxation.

Understanding the importance of this date helps in appreciating how property values are affected through the entire assessment process, influencing taxation and fiscal planning for both property owners and local governments.