For a number of years, the State of Texas has had in effect a law that allows homeowners who are 65-years old or older, or who are disabled, to defer paying all of their property taxes.
Income does not restrict the ability to qualify, The only restriction is that the home must be the person's homestead, and that accrued taxes and interest come due 1) when the house is sold or 2) when it is no longer the homestead.
As long as one party to the home's title is 65-years old or older, the homeowners qualify for this deferral of annual payment.
Consult your tax adviser or attorney to see how this tax deferral might benefit you.
BILL CHERRY, REALTORS
DALLAS - PARK CITIES
Since 1964
214 503-8563
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