Nondiscretionary tax and tax notice charge deferral for elderly property owners

(1) An eligible owner may apply for a deferral under this section if: (a) the eligible owner uses the single-family residence as the eligible owner's primary residence as of January 1 of the year for which the eligible owner applies for the deferral; (b) with respect to the single-family residence, there are no: (i) delinquent property taxes; (ii) delinquent tax notice charges; or (iii) outstanding penalties, interest, or administrative costs related to a delinquent property tax or a delinquent tax notice charge; (c) (i) the value of the single-family residence for which the eligible owner applies for the deferral is no greater than the median property value of: (A) attached single-family residences within the county, if the single-family residence is an attached single-family residence; or (B) detached single-family residences within the county, if the single-family residence is a detached single-family residence; or (ii) the eligible owner has owned the single-family residence for a continuous 20-year period as of January 1 of the year for which the eligible owner applies for the deferral; and (d) the holder of each mortgage or trust deed outstanding on the single-family residence gives written approval of the deferral. (2) If the conditions in Subsection (1) are satisfied and the applicant complies with the other applicable provisions of this part, a county shall defer the property tax and tax notice charges on an attached single-family residence or a detached single-family residence. (3) The values described in Subsection (1)(c) are based on the county assessment roll for the county in which the single-family residence is located. (4) For purposes of Subsection (1)(c)(ii), ownership is considered continuous regardless of whether the single-family residence is transferred between an eligible owner who is an individual and an eligible owner that is a trust.