Oregon

REP. JOHN HUFFMAN

STATE REPRESENTATIVE

HOUSE DISTRICT 59

For Immediate Release

June 18, 2013

Contact: Rep. John Huffman, 503-986-1459

 

OREGON HOUSE VOTES TO RESTORE SENIOR PROPERTY TAX DEFERRAL

 

SALEM, OR – The Oregon House of Representatives voted Monday to provide relief for Oregon seniors who were disqualified from the Senior and Disabled Property Tax Deferral Program in 2011. The legislation, HB 2510-B, allows people who were kicked out of the program under new, more stringent requirements to participate in the program again beginning in 2014.

 

“I am very pleased that we were able to revisit the Senior Property Tax Deferral Program this session. Knowing the strain it would put on retiree budgets, I fought unsuccessfully in 2011 to keep eligible seniors in the program.” Said Rep. John Huffman (R – The Dalles). “In 2011, the budget, combined with declining home values simply would not allow for many participants to remain in the program. HB 2510 will make a huge financial difference to 700 senior homeowners that were once enrolled in the Tax Deferral Program.”

 

In 2011, the Oregon Legislature passed HB 2543 which made requirements for participating in the Senior and Disabled Property Tax Deferral Program more rigid. This was done to protect the financial viability of the program. As a result, participants with reverse mortgages or who lived in their homes less than five years were disqualified from the program. This new legislation allows participants who were disqualified in 2011 due to their reverse mortgage, not meeting a 5-year residency requirement, or both reasons, to participate beginning in 2014. It caps the number of new participants at 700.

 

Those who wish to determine their eligibility should contact their County Assessor and the Oregon Department of Revenue. The 700 spots will be filled on a first come, first served basis, so people are encouraged to respond quickly.

 

For more information, contact Rep. John Huffman at 503-986-1459.

 

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