Must qualify for our Real Estate Tax Relief for the Elderly or Disabled program.
Must not receive 100% of tax exemption in the real estate tax relief for the Elderly or Disabled program.
Details:
Any person eligible for a partial Real Estate tax exemption (e.g., 10%, 35%, or 60%), based on total combined income of more than $20,000 but not greater than $50,000, may request deferral or delay of payment of the remainder (non-exempt portion) of the RE tax due.
You do not have to defer/delay payment of all your RE taxes owed, but can pay part of it and defer/delay payment of part of it. The total accumulated amount of deferred/delayed RE taxes must be paid to the County when the dwelling is sold, or from the decedent's estate within one year after the death of the last owner who qualifies for the tax deferral
The deferred/delayed amount of RE taxes will accrue interest at 8%, but no penalty.
The deferred/delayed amount of RE taxes and interest shall constitute a lien upon the said real estate as if it had been assessed without regard to the deferral permitted by this article. Any such lien shall, to the extent that it exceeds in the aggregate 10% of the price for which such real estate may be sold, be inferior to all other liens of record.
Changes to income, financial worth, property ownership or other factors during the filing taxable year may affect qualification for exemption and deferral.
See additional important information at Frederick County Code Article III, Sections 155-16 to 155-22 .
