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Property Tax Deferral for Senior Citizens
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Property Tax Deferral for Senior Citizens may allow you to defer a portion of the property taxes you owe.
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To qualify, all of these must be true:
- You are 65 or older in the year you apply. If married, one of you is 65 or older and the other is at least 62.
- Your household income is $60,000 or less.
- You have owned and lived in your home for the last 15 years.
- Your home has been homesteaded for 15 years.
- You do not have a reverse mortgage, a life estate, or any state or federal liens on your property.
- Other liens against your property are less than 75% of the estimated market value.
The property tax you pay will be 3% of your total household income based on your prior year income. The state pays the remainder as a loan.
When you sell your home or voluntarily cancel the deferral, you must repay the loan plus interest. The interest rate varies but does not exceed 5%.
We will apply certain refunds and payments you are due to your loan.
To learn more, watch our video.
See answers to frequently asked questions about Property Tax Deferral for Senior Citizens.
Apply by November 1 to defer your property taxes the following year. You may apply in the year you turn 65. Once accepted, you do not need to reapply yearly.
You will need:
- A copy of this year’s property tax statement
- A report detailing any mortgages, liens, or judgments on the property
- For Torrens property, the report is a copy of the current certificate of title, available from your county recorder’s office. The certificate must be dated within 30 days of your application.
- For abstract property, the report is an owners and encumbrances report prepared by a licensed abstracter showing the last deed recorded and any unsatisfied liens or judgments. The report must be dated within 30 days of your application.
If you do not know what kind of property you have, contact your county recorder.
You can apply:
