Yes, you are not correct because Oregon does not have a special capital gain tax rate like the federal. Capital gains are treated the same as other taxable income in Oregon and subject to the regular Oregon tax rates ranging from 5% to 11%. Oregon based your refund on the amount you owed on the gain.
For nonresidents sellers, Oregon requires escrow agents and attorneys acting as authorized agents may be required to withhold and remit tax payments to the Oregon Department of Revenue as an estimated payment for any taxes that may be due. Taxpayers will claim these tax payments as estimated tax payments on their Oregon tax returns filed for the year in which the sale was made.
See 2020 Form OR-18-WC in the instructions of how the agent determined the estimated tax payment.
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