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What Is a Property Tax Deferral in Texas? A property tax deferral in Texas allows eligible homeowners to postpone paying property taxes on their homestead. This program is designed to provide financial relief to individuals who may struggle with immediate tax payments, particularly seniors and disabled persons. It's important to note that this is a deferral, not a forgiveness; the taxes are still owed and accrue interest over time.Travis County Tax Office+2HCAD+2Harris County Tax Office+2 Can You Lose Your Ho