The Senior Citizens and Disabled Persons Property Tax and Special Assessment Deferral Program postpones payment of your property taxes or special assessments. Unlike the exemption program, this program is not a reduction of your taxes. On your behalf, the Department of Revenue pays the deferred property taxes and special assessments to your local Treasurer.
A special assessment is for a local improvement that directly benefits your property. Examples include assessments for sewers, lights, water, paving or curbing. Special assessments are also known as Local Improvement Districts (LlDs) or Utility Local Improvement Districts (ULlDs) .
The amount of the postponed taxes and/or special assessments, plus 5% interest per year (8% prior to Jan. 1, 2007), becomes a lien by the state until you pay the total amount. The lien, filed with the County Auditor, shows the State of Washington as having an interest in your property.