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Is there interest charged on the amounts due under the Senior Citizens Real Estate Tax Deferral Program?

Answer #387 -- ( Published 10/20/2005 12:20 PM | Updated 07/12/2017 10:40 AM )

Is there interest charged on the amounts due under the Senior Citizens Real Estate Tax Deferral Program?

Yes. Interest is charged at the rate of 6% per year for each year that the tax deferment is carried by the State.

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