A property owner who is age 65 or
older or receiving disability benefits from social security or from the Veteran Affairs may use the Tax Deferral Affidavit Age 65 or Older, Disabled Homeowner or Disabled Veteran - 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, Disabled Person or Disabled Veteran 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, Disabled Homeowner or Disabled Veteran:
- 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 @ 512-943-1601.
- 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.
- A tax deferral does not cancel penalties, interest, or attorney fees that were already due.
- Taxes will become due when the homeowner or surviving spouse no longer owns and resides in the home. If the tax debt remains unpaid after 180 days from the change in residency, full penalties and interest will be imposed, and taxing units may take legal action to collect the past due amount.
- The law extends the tax deferral to the surviving spouse of the person who deferred taxes on the homestead if the surviving spouse is at least 55 years old when the deceased spouse passes away.