Tax Code Section 31.031 allows certain persons to pay homestead taxes in four equal installments without incurring penalty and interest. See the links below for the appropriate form or application, and directions to complete the associated document.The payoff statement must be delivered within seven business days after the date on which the property tax lender receives the request. Please contact your local county tax office for the exact cost. These deferral programs allow you to postpone the repayment of your property taxes as long as you continue to reside in your home.