What is a Elderly Tax Deferral (Clause 41A)
Category:
Property Tax Bill
A Tax Deferral Program is a state program that allows owners to defer all or part of their annual property taxes. The deferred taxes accumulate, with simple interest at 8% as a lien on the property until it is sold. No sale or transfer can be consummated during the lifetime of the taxpayer, unless the deferred taxes and interest due are paid in full. A deferral may be continued by the surviving spouse. If the deferral is not continued by the surviving spouse, or if the property is sold, the deferred taxes, plus interest at 16% shall be paid by the estate. Contact the Assessor’s Office at 781-286-8170 if you are interested.
Updated 3/9/2023 11:48 AM