VA online Form 668 (Y) (c) 2017-2025

VA online Form 668 (Y) (c): What You Should Know

Form 8962 For Sales Tax Liens On Taxable Real Property For more than a decade, sales tax liens on taxable real property in Oregon have been the only means for tax collectors to recoup unpaid taxes. However, with the advent of electronic filing and electronic payment systems, sales tax liens are quickly becoming obsolete and are not an effective mechanism for collecting debt. It is the duty of a seller to provide the buyer with a sale receipt from the seller in the amount of the price paid for the property at the time of completion of a sale. If a sale price of 1,000 is included in the sales price upon completion, then the sale price for the tax sale of the property must now include an amount equal to the amount of the deficiency on the tax due and the cost of the property that was paid for in full. The seller's responsibility to provide the buyer with a sale receipt is based on the Oregon sales and use tax statutes and not the federal tax laws. The sales tax statutes specifically specify the duties of a seller in these contexts: Sections 4939.410; 4939.420; and 4939.510(2)(1) and (2) require the seller to provide to the buyer a sale receipt for a property sold, including, but not limited to, a sales receipt for property subject to Oregon's sales tax that is paid for in full before the property is sold. Oregon does not require sellers to provide a sales receipt that includes a balance of the unpaid tax due, and Oregon does not offer a purchaser any right to a refund of taxes paid on an unsold property. For more detail on the requirements for complying with section 4939.1105, please visit our Tax Lien FAQ.  Oregon Sales and Use Tax Laws — Overview Oregon's sales tax laws impose two different sales tax rates — .5% and .9%. While there are several Oregon cities that impose a local .2% sales tax, the rate applies equally to all taxable gross receipts regardless of the type of property. For properties subject to local tax or property assessed at .2% or .4%, the statewide sales tax rate then applies. For properties assessed at .4% or greater, the statewide rate is imposed.

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