Tax Deferral Program

Program Details

Many retired homeowners feel house-rich and income-poor. Property taxes constitute a serious financial burden, which can even force the sale of the home. Cohasset offers a tax deferral program, which enables owners to defer payment of up to 100% of annual property taxes. Deferred taxes accumulate with simple interest at 4% as a lien on the property until it is sold or upon the death of the owner. The total amount of such taxes due, plus interest, shall not exceed 50% of the owner's proportional share of the full and fair cash value of such real property.