In the event of a deferral of tax increases granted by this article, the accumulated
amount of taxes or tax increases deferred shall be paid, plus interest of eight (8)
percent per annum on any amount so deferred, to the town by the vendor upon sale of
the dwelling or from the estate of the decedent within one year after the death of
the last owner thereof who qualified for tax deferral by the provisions of this section.
Such deferred real estate taxes or tax increases shall constitute a lien upon the
real estate as if they had been assessed without regard to the deferral permitted
by this section; provided however, that such lien shall to the extent that they exceed
in the aggregate ten (10) percent of the price for which such real estate may be sold,
be inferior to all other liens of record.
(Ord. No. 229, § C)
