Dallas Tax Deferral for Age 65

[Helen Zhang]

Hi BP community, 

I purchased a house that was previously owned by age 65+ couple who deferred their tax in Dallas county, Texas. It has been for a year since I purchased the property. 

Now it is interesting that the 65+ years exemptions still have not been removed from the record and I am still not paying the full price of the texas. 

I am reading Dallas exemptions which stated:

"Tax Deferral for Age 65 or Older or Disabled Homeowner

If you are a homeowner who qualifies for the Age 65 or Older or the Disability exemption, you may also defer or postpone paying any property taxes on your home for as long as you own and live in it. It is important to note that this deferral only postpones your taxes and does not cancel them. It also accrues eight (8) percent interest annually until the deferral is removed. When the property is sold or the ownership is transferred to the estate/heirs, the taxes and accrued interest become payable. The Tax Deferral Affidavit form is available on this site or you may contact Customer Service.

Note: If you have an existing mortgage on your residence, the tax deferral does not prevent your mortgage company from paying delinquent taxes; a tax deferral applies only to the collection of taxes." 

The question is: if I take the initiative and remove the exemption, would I have to end up paying for all the texas that the previous owner owed? (I know it is ethically wrong for me not to make a call and have this removed, but if I do it I also don't want to screw myself over). 

Thanks,

Helen Z