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1 Persons and Property Liable to Taxation; Tax Deferral for Elderly and Disabled; Repayment of Taxes Deferred Prior to Foreclosure. Amend RSA 72:38-a III to read as follows:
III. If the property is subject to a mortgage, the owner must have the mortgage holder's approval of the tax deferral. Such approval does not grant the town a preferential lien; however, if the property owner dies and the mortgage holder forecloses, the mortgage holder shall pay the deferred taxes plus any interest due in full and the municipality shall provide a recorded written release or satisfaction of the notice of tax deferral prior to sale of the property.
2 Effective Date. This act shall take effect January 1, 2020.
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1 Persons and Property Liable to Taxation; Tax Deferral for Elderly and Disabled; Repayment of Taxes Deferred Prior to Foreclosure. Amend RSA 72:38-a III to read as follows:
III. If the property is subject to a mortgage, the owner must have the mortgage holder's approval of the tax deferral. Such approval does not grant the town a preferential lien; however, if the property owner dies and the mortgage holder forecloses, the mortgage holder shall pay the deferred taxes plus any interest due in full and the municipality shall provide a recorded written release or satisfaction of the notice of tax deferral prior to sale of the property.
2 Effective Date. This act shall take effect January 1, 2020.