What must the taxpayer do annually to maintain the tax deferral?

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Multiple Choice

What must the taxpayer do annually to maintain the tax deferral?

Maintaining a tax deferral requires ongoing verification of eligibility. Each year, you must submit a written renewal to the Assessor so they can confirm you still meet the program’s requirements and that the property qualifies. This is handled by the Assessor because they administer the property tax programs, not the Treasurer, and the deferral isn’t granted automatically. If you don’t file the annual renewal, the deferral can lapse and the deferred taxes may become due.

Maintaining a tax deferral requires ongoing verification of eligibility. Each year, you must submit a written renewal to the Assessor so they can confirm you still meet the program’s requirements and that the property qualifies. This is handled by the Assessor because they administer the property tax programs, not the Treasurer, and the deferral isn’t granted automatically. If you don’t file the annual renewal, the deferral can lapse and the deferred taxes may become due.

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