Most reverse mortgage borrowers elect to be responsible for paying their property taxes and insurance on their home. Your taxes and insurance must be kept current at all times, as they could result in a default on your mortgage if they are left unpaid. Reverse mortgage borrowers are only allowed to participate in tax deferral programs in the States of California, Oregon, and Massachusetts. However, looking into local senior property tax exemption programs would be best, which may decrease your annual property tax bill. Please contact the reverse mortgage department if you have any further questions on this issue.