(1) If a mortgagee is required or authorized to pay the ad valorem taxes on a manufactured structure or a floating home or on real property that is subject to the mortgage by a provision contained in the mortgage instrument, upon written request sent to the tax collector, the tax collector shall send a copy of the statement required to be mailed or otherwise delivered to the taxpayer under ORS § 311.250 to the mortgagee. The request by the mortgagee for the sending of the copy shall be made to the tax collector on or before October 1 of each year and shall state that the mortgagee has the duty or is authorized to pay the taxes for the owner of the property.

Terms Used In Oregon Statutes 311.252

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

(2) The tax collector and any mortgagee referred to in subsection (1) of this section may agree that a computer record containing the information required by the Department of Revenue may be delivered to the mortgagee instead of a copy of the tax statement required by subsection (1) of this section.

(3) For the purposes of this section, the holder of a perfected security interest in a manufactured structure or a floating home is considered a ‘mortgagee’ and the perfected security interest is considered a ‘mortgage.’ [1967 c.568 § 4; 1971 c.379 § 1; 1971 c.529 § 35; 1971 c.752 § 1; 1973 c.82 § 1; 1981 c.804 § 87; 1983 s.s. c.5 § 21; 1987 c.313 § 2; 1991 c.459 § 239; 1993 c.313 § 1; 1997 c.541 § 287; 2003 c.108 § 3; 2015 c.31 § 4; 2019 c.360 § 3]

 

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