What is a tax deferral for a senior citizen?

A homeowner, age 65 or older, may defer or postpone paying any delinquent property taxes on their home as long as they own and occupy the property. To postpone your tax payments, you must file a tax deferral affidavit with the Appraisal District. A tax deferral only postpones paying your taxes, it DOES NOT cancel them. Interest is added at the rate of 8% per year. Once your home ceases to be your homestead, past taxes and interest become due.