If a resident is over 65 years of age and has owned the property for five years or more
or If the resident is disabled under the Sections II or Section XVI of the Social Securities Act and has owned the property for one year or more
and is currently living in the property
and paying the property taxes would cause and undue hardship or possible loss of the property
the resident may file form Form PA-30- Elderly and Disabled Tax Deferral Application by March 1st following the tax notice to the Assessor’s Office. If the property currently has a mortgage the property owner must obtain written permission from the mortgage holder to defer the taxes. The Town may elect to defer all or part of the taxes owed at a rate of 5% interest. The total deferred amount may not exceed 85% of the equity value of the home.