Pursuant to Section 33.06 of the Texas Tax Code, homeowners over the age of 65, disabled persons, and persons 55 years of age or over who are the surviving spouse of a person previously entitled to a tax deferment may be entitled to complete deferment of taxes owed on the property for as long as they own and live in the property. The deferment does not cancel the taxes, but postpones the the payment of the taxes until a later date. The taxes will accrue interest at the rate of 8% per annum during the deferment period and will become due no later than the 181st day after the expiration of the qualifying conditions.
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