Deferred Property Taxes
Distribution:To cities, counties, and other local government entities, upon notification by the Department of Revenue.
Frequency:Varies, usually twice a month.Description:To assist elderly, disabled, and low income property owners in paying the property taxes due on their residences. Taxes are paid for them through deferred assessment payments to counties. Such deferred taxes become a lien against the property to be paid at the time of sale or death of the claimant.