Senior and disabled homeowners tax deferral

From the 2024 DOR Tax Exemption Study

84.38.030 - Senior and disabled homeowners tax deferral Description A homeowner may defer 80% of special assessments and real property taxes if the homeowner: - Meets all requirements for an exemption for the residence under the senior exemption program. - Is 60 or older by December 31 of the deferral claim year, or is retired due to physical disability. - Has a combined disposable income of 75% or less of the county median household income. - Has enough fire and casualty insurance to protect the interests of the state. - Owned, at the time of filing, the residence upon which the special assessment and/or real property taxes are imposed. - If claiming a special assessment deferral, opted for installment payments if available. - Any surviving spouse, surviving domestic partner, heir, or devisee of a person who was receiving a deferral at the time of the person's death qualifies if the surviving spouse or surviving domestic partner is fifty-seven years of age or older and otherwise meets these requirements. The state reimburses local taxing districts for the local property taxes deferred under this program. Purpose Relieve the property tax burden of low-income, elderly, or disabled p