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Residential Real Property Tax Deferral Interest Accrual Rate

The deferred taxes accrual interest rate, set annually by the County, does not exceed the prime lending rate. The current annual interest rate applies to all tax deferred that year, which includes all unpaid property taxes deferred in prior years. The accumulation of deferred taxes and accrued interest must not exceed 50% of the full cash value of the property. Click on the second link below for an application and additional information.
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