Many jurisdictions have worked around this by allowing elderly homeowners to defer property taxes on their residence until they move&#x2F;sell&#x2F;die.  It&#x27;s a great concept, but can cause a liquidity issue should a large percentage of total property taxes be deferred for years or decades.<p>Where I live, you have to be 65+ and own 60+% equity in the home.  The problem is that some old rich people are moving in, paying cash for property, and then deferring.  They aren&#x27;t exactly the intended beneficiaries of the scheme.