The senior property tax deferral program, known as Clause 41A, allows people 65 or over to defer their property taxes until their home is sold or conveyed.
The Clause 41A program is a tax deferral, not a tax exemption. When your house is sold or inherited, the taxes and interest will have to be paid, or your surviving spouse will have to enter into a new Clause 41A agreement. You may want to seek legal advice and discuss this program with your heirs. See the Tax Deferral and Recovery Agreement (PDF) you must sign in order to receive a Clause 41A tax deferral. It contains specific information about your legal obligations.