[CorpOverreach]

So it's basically taking an interest-free home equity loan against the property, in a round-about way? You're basically de-valuing the property since whoever buys it next will have to pay a lump sum in taxes to take ownership.

I guess that doesn't matter to you if you're dead.

What happens if the deferred taxes exceed the cost of the house?

[jfim]

The estate has to pay the taxes, so they can pay the taxes and keep the property, or sell it and pay the taxes using the proceeds. I believe that interest also accrues during the deferral.

I'm not sure what happens in the case where the accrued taxes exceed the value of the house, though.

[jfim]

Just looked it up actually: https://statutes.capitol.texas.gov/Docs/TX/htm/TX.33.htm#33....

Basically they put a tax lien on the property, they just don't collect on it while the original homeowner is occupying the property.

I'm not a lawyer, but my basic understanding of this is that if it exceeds the value of the property, the estate can just let the city/county seize the house. Otherwise, they'd need to pay the deferred taxes in order to transfer the title to the heirs.

Obviously this is not legal advice.