When are property taxes due?

When are property taxes due?

• A. March 15
• B. November 15
• C. July 1
• D. April 1

Answer: (C)

Property taxes are generally due on July 1 in Oregon. This is important for property owners to understand, as timely payment is necessary to avoid penalties and interest. In Oregon, the property tax year runs from July 1 to June 30 of the following year, and the assessment for that year's taxes is made based on the property value as of January 1 of the same year. Understanding this timeline helps property owners plan for their financial responsibilities regarding real estate ownership in the state. In Oregon, property taxes can also be paid in installments, which often means that while the tax is due at the start of the fiscal year, property owners have options for payment. Knowing the specific due dates allows property owners to meet their obligations and manage their budgets accordingly.

Property taxes are generally due on July 1 in Oregon. This is important for property owners to understand, as timely payment is necessary to avoid penalties and interest. In Oregon, the property tax year runs from July 1 to June 30 of the following year, and the assessment for that year's taxes is made based on the property value as of January 1 of the same year. Understanding this timeline helps property owners plan for their financial responsibilities regarding real estate ownership in the state.

In Oregon, property taxes can also be paid in installments, which often means that while the tax is due at the start of the fiscal year, property owners have options for payment. Knowing the specific due dates allows property owners to meet their obligations and manage their budgets accordingly.