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 Click
here for the Homestead Tax Deferral Application
To qualify for a tax deferral, the following conditions apply:
- The property must qualify for the Homestead Exemption.
Find out more at the Property Appraiser's website
- The amount of primary mortgage on the property cannot
exceed 70% of the assessed value of the Homestead.
- The application must be submitted by January 31st .
- The deferral is an application for the current tax period.
- Tax deferral postpones payment of taxes.
- The tax deferral becomes a first lien on the property.
- Fire insurance coverage must be furnished for the property,
with a loss payable clause to the Tax Collector of Palm
Beach County.
- All deferred taxes plus interest are due and payable with
any change in use, ownership, or failure to maintain insurance
on the property.
For a partial deferral, the following conditions apply:
- Persons under the age of 65 may defer the portion of their
property tax that is more than 5% of the adjusted gross
income of all members of the household.
- Persons 65 years of age or older may defer the portion
of their property tax that is more than 3% of the adjusted
gross income of all members of the household.
For a full deferral, the following conditions apply:
- Persons under the age of 70 must have household income
less than $10,000.
- Persons 70 years of age or older must have household income
less than $12,000.
For more information, please contact our office at (561)
355-2266.
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