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BC property tax expert warns seniors about changes to deferral program
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Counties begin accepting applications for the Property Tax Deferral Program
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Happy Friday! Today’s FAQ: What is the Senior Deferral Program? The Senior Deferral Program is a state program managed by the Cook County Treasurer’s Office. Seniors who are over 65 and whose household income is $75,000 a year can apply to postpone up to $7,500 of their property tax payment for First and Second Installment property tax bills. The Senior Deferral Program works like a loan; 3% simple interest is added per year. The homeowner has to pay upon death, or at the time the home is sold o
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High deferral numbers can be unsettling — especially when you don’t know what they really mean. A deferral isn’t a “no.” It’s often a pause. Schools may want additional context, to see how you compare within the full applicant pool, or to preserve flexibility later in the process. What students should understand: Deferrals usually reflect how selective the school is, not a flaw in your application. A high deferral rate doesn’t signal a mistake on your part. And a low deferral rate doesn’t automa
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