What happens if I don’t file my return by the deadline?
- Personal property taxes are due on March 15th each year (if the 15th falls on a weekend or holiday, it is the next business day).
- The penalty for late filing is 5 percent of the tax owed if the return is filed after March 15, but on or before June 1. The penalty increases to 25 percent of the tax owed if the return is filed after June 1, but on or before August 1. After August 1, the penalty is 50 percent of the tax owed (ORS 308.296).
Frequently Asked Question
Business Personal Property Assessment