HB4915

Amends the Senior Citizens Real Estate Tax Deferral Act to modify the tax deferral process and lien priority.

The bill amends the Senior Citizens Real Estate Tax Deferral Act to allow taxpayers aged 65 and older to defer real estate taxes on their primary residence. It specifies that deferred taxes, along with interest and costs, become a first lien on the property, superior to all other liens and encumbrances, until paid. The deferred taxes and interest must be paid within 90 days after the property ceases to qualify. If not paid, foreclosure proceedings may be initiated. The bill also details the application process, including required documentation and conditions for approval.