42-17301. Definitions In this article, unless the context otherwise requires: 1. " Property taxes" means all ad valorem taxes that are levied by all taxing jurisdictions and that become a lien on a residence, including special assessments. 2. " Residence" means real and personal property and improvements that constitute an owner-occupied dwelling that is classified […]
42-17302. Election to defer residential property taxes; qualifications A. An individual who meets the qualifications prescribed by this section, or the individual’s legal representative, may elect to defer property taxes on the individual’s qualifying residence for a taxable year pursuant to this article. B. To qualify for the deferral the individual shall meet all of […]
42-17303. Property entitled to tax deferral To qualify for deferral of property taxes the residence shall meet all of the following requirements: 1. It must be the taxpayer’s primary residence. 2. It must not be income producing. 3. It may not have a full cash value, as determined by the county assessor for the current […]
42-17304. Deferral claim A. The claim for deferral shall be on a form that is prescribed by the state treasurer and that provides an explanation of the requirements of this article and instructions for completing and filing the claim. The claim shall: 1. Identify the residence by street address and tax parcel number. 2. Recite […]
42-17305. Filing the claim for deferral; appealing denied claim A. A taxpayer shall file the claim form with the assessor of the county in which the residence is located. The tax that is due for a tax year may be deferred if a valid claim is filed after January 1 but before April 1 of […]
42-17306. Certificate of deferral; record A. The county treasurer shall issue a certificate of deferral for each residence whose property taxes are deferred under this article that names the individual, describes the property and states the tax year, the amount of taxes that is deferred and the rate of interest that accrues to the certificate, […]
42-17307. Refund of deferred taxes deposited in escrow If a tax deferred residence is subject to any mortgage, deed of trust or other real property security interest and the secured party maintains an escrow account into which payments are deposited for the payment of property taxes, the taxpayer may submit a copy of the certificate […]
42-17308. Lien of deferred taxes and accrued interest Deferred taxes and accrued interest under this article are a lien against the property. The lien: 1. Attaches on the date the certificate of deferral is recorded. 2. Has priority over: (a) Any mortgage, reverse mortgage, deed of trust or other real property security interest that is […]
42-17309. Sale of deferred tax liens to state; interest on lien A. On or before January 15 of each year, the county treasurer shall sell to the state treasurer or to the county, or both, all certificates of deferred taxes issued in the county under this article during the previous tax year. B. The amount […]
42-17310. Notices A. On or before January 31, the county assessor shall mail a notice to each taxpayer who claimed a deferral of taxes for the preceding tax year that the taxpayer must file another claim to receive a deferral of taxes for the new tax year. The notice shall be substantially as follows: To: […]
42-17311. Events requiring payment of deferred tax A. The total amount of deferred property taxes, plus interest and costs, that has accrued with respect to a tax deferred residence is due and payable if: 1. The individual who claimed the deferral dies without a surviving spouse who qualifies under section 42-17302. 2. The tax deferred […]
42-17312. Payment of deferred taxes; due dates and delinquency; enforcement of lien A. If payment is required pursuant to section 42-17311, all deferred taxes, interest and costs are due and payable one hundred twenty days after an event requiring payment of deferred property taxes except in the case of the individual’s death, in which case […]
42-17313. Report Not later than September 1 of each year, the state treasurer shall compile a report containing the following information: 1. The number of deferral claims received in each county that year. 2. The number of claims finally approved in each county for deferral that year. 3. The total assessed valuation of tax deferred […]
