Oregon Revenue Dept. sends 80 seniors wrong letter
Monday, October 3, 2011
PORTLAND, Ore. (AP) -- The Oregon Department of Revenue sent 80 senior homeowners the wrong letter, saying they were covered by a program to defer their property taxes.
Spokesman Rosemary Almond says the department is calling the homeowners to apologize and to tell them they no longer qualify for the program and will have to pay up.
The Oregonian reports (http://bit.ly/ogVGLn ) the Legislature made changes to the senior property tax deferral program.
Of the 7,200 applications received this year, 1,700 were disqualified because of a reverse mortgage. Lawmakers are concerned when those homes sell there won't be enough equity to repay the taxes owed.
Lawmakers plan to revisit the issue in February.
Information from: The Oregonian, http://www.oregonlive.com