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Here is an interesting tidbit for those in Texas. Upon reaching 65 you can defer you real estate tax. You will be charged 8% simple NOT Compound interest on the tax. When you die, your estate will have 120 days to pay the tax.
I figure you are better off putting the money in an account at some safe compound rate. If you need cash later on you have it. Kind of like a reverse mortgage. I am not sure what the compound rate would need to be to offset the simple rate. I do know you would have a better chance of getting the cash than going to the city and asking for some of your tax dollars back.
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