Our provincial government (Canada), has implemented a new program this past year for seniors - Seniors Property Tax Deferral Program . The property taxes can be deferred indefinitely and there would be a 3% annual charge that's also deferred. The loan charge is not revolving credit, so the 3% is only charged on the accumulating principal amount of property taxes. We do pay our property taxes, but I'm thinking it might be worthwhile participating anyways. That would be an addition $322 each month in our case. A property owner can cancel participation at any time, and as long as eligibility requirements met each year there's no need to reapply for ten years. If a home is sold, then the owing taxes are paid at that time. I'd appreciate any feedback anyone might have.