Residential Real Property Tax Deferral - General

A Montgomery County program allowing homeowners to defer payment of county property taxes on their principal residence when taxes exceed the prior year's amount. Eligibility requires household gross income of $120,000 or less and at least 5 years of owner-occupancy. Deferred taxes accrue interest at a rate set annually by the County (not to exceed the prime lending rate) and cannot exceed 50% of the property's full cash value. Assistance type: other financial assistance.