Tax Deferral Affidavit Age 65 or Older or Disabled Homeowner

Tax Deferral Affidavit Age 65 or Older or Disabled Homeowner

A property owner who is age 65 or older or disabled person may use the Tax Deferral Affidavit Age 65 or Older or Disabled Homeowner - Form 50-126, to obtain a tax deferral on the collection of residence homestead taxes pursuant to the Tax Code Section 33.06. Homeowners seeking a deferral or surviving spouses seeking to continue a deferral should complete the appropriate affidavit below.

Tax Deferral Qualifications:

  • The property owner must have the Person Age 65 or Older or Disabled Person exemption on the property for which they are requesting the deferral.

  • If the property has a mortgage, it is best practice to notify the mortgage company that a tax deferral is being requested.

  • The Tax Deferral Affidavit must be notarized and filed with the Appraisal District office in the county in which the property is located.

General Information Regarding the Tax Deferral-Person Age 65 or Older or Disabled Homeowner:

  • Penalties and Interest: A tax lien remains on the property and continues to accrue at an annual 5% interest rate during the deferral period. Penalties and interest for delinquent taxes incurred before the date the deferral affidavit is filed are preserved. **Any requests for calculations, would need to be directed to the Tax Assessor-Collector.

  • The property may still be subject to collection or foreclosure actions arising from other debts or liens including, but not limited to, mortgages or home loans. The services of a competent professional should be sought to obtain guidance regarding your individual situation.

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