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Bill would delay steep interest spike on deferred property taxes after death of seniors and active‑duty service members
Summary
Representative Michelle Ciccolo testified in support of H 03/1951, a bill that would prevent a property‑tax deferral interest rate from doubling on death by allowing a one‑year deferral so heirs can settle estates without facing an immediate 16% interest charge.
Representative Michelle Ciccolo told the Joint Committee on Revenue she filed H 03/1951 to address an interest‑rate problem that can discourage seniors and veterans from using the property tax deferral program.
“What the bill does is very, very simple,” Representative Ciccolo said. She explained that communities may set an interest rate on deferred…
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