Is Tax deferral wise?

The suggestion is floating around the legislature that Senior Citizens over the age of 65 should be 'allowed' to defer their property taxes until they move or die. When paid, the taxes would have interest added.

Citizens for Tax Fairness.org has made an effort to expose the fallacies inherent in the defered-tax proposal. It reminds me of an experiment, often perpetuated on children, in which they are offered fifty cents now, or five dollars later.

The children, unwisely, choose the fifty cents.