Current and previous property tax deferment interest rates

Last updated on July 2, 2026

This page shows the current and previous interest rates for the property tax deferment program.

Interest rates applicable to 2026 and subsequent tax years

Date Range:

 

Programs:

Begin

End

Prime

Regular (prime plus 2%)

Families (prime plus 2%)

January 1, 2026

March 31, 2026 4.45% 6.45% 6.45%

April 1, 2026

June 30, 2026 4.45% 6.45% 6.45%
July 1, 2026 Sept 30, 2026 4.45% 6.45% 6.45%

 

Interest rates applicable to 2025 and previous tax years

Date Range:

 

Programs:

Begin

End

Prime

Regular (prime minus 2%)

Families (prime)

Financial Hardship (prime) 

April 1, 2026

Sep 30, 2026 4.45% 2.45% 4.45% 4.45%

Oct 1, 2025

Mar 31, 2026 4.95% 2.95% 4.95% 4.95%
Apr 1, 2025 Sep 30, 2025 5.45% 3.45% 5.45%

5.45%

Oct 1, 2024

Mar 31, 2025 6.95% 4.95% 6.95%

6.95%

Apr 1, 2024

Sep 30, 2024 7.20% 5.20% 7.20% 7.20%

Oct 1, 2023

Mar 31, 2024

6.95%

4.95%

6.95%

6.95%

Apr 1, 2023

Sep 30, 2023

6.45%

4.45%

6.45%

6.45%

Oct 1, 2022

Mar 31, 2023

3.70%

1.70%

3.70%

3.70%

Apr 1, 2022

Sep 30, 2022

2.45%

0.45%

2.45%

2.45%

Oct 1, 2021

Mar 31, 2022

2.45%

0.45%

2.45%

2.45%

Apr 1, 2021

Sep 30, 2021

2.45%

0.45%

2.45%

2.45%

Oct 1, 2020

Mar 31, 2021

2.45%

0.45%

2.45%

2.45%

Apr 1, 2020

Sep 30, 2020

3.95%

1.95%

3.95%

3.95%

Oct 1, 2019

Mar 31, 2020

3.95%

1.95%

3.95%

3.95%

Apr 1, 2019

Sep 30, 2019

3.95%

1.95%

3.95%

3.95%

Oct 1, 2018

Mar 31, 2019

3.45%

1.45%

3.45%

3.45%

Apr 1, 2018

Sep 30, 2018

3.20%

1.20%

3.20%

3.20%

Oct 1, 2017

Mar 31, 2018

2.70%

0.70%

2.70%

2.70%

Apr 1, 2017

Sep 30, 2017

2.70%

0.70%

2.70%

2.70%

Oct 1, 2016

Mar 31, 2017

2.70%

0.70%

2.70%

2.70%

Apr 1, 2016

Sep 30, 2016

2.70%

0.70%

2.70%

2.70%

Oct 1, 2015

Mar 31, 2016

2.85%

0.85%

2.85%

2.85%

Apr 1, 2015

Sep 30, 2015

3.00%

1.00%

3.00%

3.00%

Oct 1, 2014

Mar 31, 2015

3.00%

1.00%

3.00%

3.00%

Apr 1, 2014

Sep 30, 2014

3.00%

1.00%

3.00%

3.00%

Oct 1, 2013

Mar 31, 2014

3.00%

1.00%

3.00%

3.00%

Apr 1, 2013

Sep 30, 2013

3.00%

1.00%

3.00%

3.00%

Oct 1, 2012

Mar 31, 2013

3.00%

1.00%

3.00%

3.00%

Apr 1, 2012

Sep 30, 2012

3.00%

1.00%

3.00%

3.00%

Oct 1, 2011

Mar 31, 2012

3.00%

1.00%

3.00%

3.00%

Apr 1, 2011

Sep 30, 2011

3.00%

1.00%

3.00%

3.00%

Oct 1, 2010

Mar 31, 2011

2.50%

0.50%

2.50%

2.50%

Apr 1, 2010

Sep 30, 2010

2.25%

0.25%

2.25%

2.25%

Oct 1, 2009

Mar 31, 2010

2.25%

0.25%

 

2.25%

Apr 1, 2009

Sep 30, 2009

3.50%

1.50%

 

3.50%

Oct 1, 2008

Mar 31, 2009

4.75%

2.75%

 

 

† The Financial Hardship Program was only available to homeowners in 2009 and 2010.