When Deferred Amounts Must Be Paid
The deferred amount and interest must be paid when:

• The property is transferred or conveyed to someone else
• You pass away, unless your spouse qualifies for the deferral and files an application with the County Assessor within 90 days of your death
• You no longer permanently reside at the residence
• Fire and casualty insurance is not kept in an amount sufficient to protect the interest of the state and the deferred amount exceeds 100% of equity of the land value
• The deferred amount, plus interest, exceeds 80% of the equity in the insured value of the residence plus the land value