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  • Treasurer

    When must deferred taxes be paid?


    Answer:

    When:

    • The claimant dies (unless the surviving spouse is 60 or older and meets all other requirements and elects to continue the deferral).
    • The property is sold or the title is transferred to another person.
    • The claimant begins to rent the property or otherwise receives income from it.




    Last Updated: 3-1-2013