HB 4056 - Requires Counties Set Up a Way to Handle Surplus Proceeds from Tax Lien Foreclosure Sales - Oregon Key Vote

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Title: Requires Counties Set Up a Way to Handle Surplus Proceeds from Tax Lien Foreclosure Sales

Title: Requires Counties Set Up a Way to Handle Surplus Proceeds from Tax Lien Foreclosure Sales

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Title: Requires Counties Set Up a Way to Handle Surplus Proceeds from Tax Lien Foreclosure Sales

Vote Smart's Synopsis:

Vote to pass a bill that requires counties to set up a way to handle surplus proceeds from tax lien foreclosure sales in the state of Oregon.

Highlights:

  • Requires each county to establish a process by which any surplus funds from a sale of property deeded to the county after a property tax lien foreclosure shall be determined with an adequate notice given to all parties (Sec. 2). 

  • Requires the Department of Revenue shall coordinate with county tax officers to comply with this act (Sec. 3).

Title: Requires Counties Set Up a Way to Handle Surplus Proceeds from Tax Lien Foreclosure Sales

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