From: ahk@chinet.com   
      
   The Horny Goat  wrote:   
   >Tue, 17 Feb 2026 02:31:15 -0000 (UTC), Adam H. Kerman :   
      
   >>If the elderly woman is out of cash to pay property taxes, my state and   
   >>plenty of other states allow the taxes to be deferred till the property   
   >>is sold. There is a state fund that receives the tax bill, paying it   
   >>when due, and charges interest. There is a lien. She's not forced to   
   >>move.   
      
   >British Columbia has had such a tax deferral system aimed at those 55+   
   >for years - I've only opted to do so 4 years ago and our provincial   
   >government (who administers the program) decided to move the interest   
   >rate on the loan from prime - 2% to prime + 2% causing a lot of people   
   >including me to check out paying it off.   
      
   Not only is it a secure loan, the government lien is probably superior   
   to the mortgage. That interest rate is absurdly high.   
      
   >At least we're not having to pay property tax based on the assessed   
   >value now that I'm retired - the house I bought 30 years ago at $258k   
   >is now assessed at $ 1.85M which means I won't have to pay as long as   
   >I hold the house though my kids will have a huge tax bill when they   
   >eventually inherit it. (Though the deferred tax will have to be paid   
   >before they sell it)   
      
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