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Council committee advances 55+ property‑tax deferral program amid concerns about administrative cost
Summary
Sponsors advanced a county homestead tax‑deferral bill for homeowners 55 and older that lets eligible owners defer $100–$500 per year (state law caps apply); auditors warned of significant administrative work and possible software needs, while councilmembers debated mortgage eligibility and fiscal trade‑offs.
Sponsors Amy Drake and others described a county option homestead property‑tax deferral (Bill 9‑26) that mirrors a state law option allowing homeowners age 55 and older to defer a modest portion of annual property taxes (between $100 and $500 per year) without local interest (the draft sets interest at 0%). The bill would apply countywide and requires applicants to meet age and homestead‑ownership duration rules; state statute caps total deferrals at $10,000 and sets filing and repayment rules.
Auditor John…
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