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interest in the property for which taxes are to be deferred and that, if the total deferred taxes plus interest equals 80% of the taxpayer's equity interest in the property, the taxpayer shall thereafter pay the annual interest due on such deferred taxes plus interest so that total deferred taxes plus interest will not exceed such 80% of the taxpayer's equity interest in the property. Effective as of the January 1, 2011 assessment year or tax year 2012 and through the 2021 tax year, the total amount of any such deferral shall not exceed $5,000 per taxpayer in each tax year. For the 2022 tax year and every tax year thereafter after, the total amount of any such deferral shall not exceed $7,500 per taxpayer in each tax year. (2) That any real estate taxes deferred under this Act and taxes paid by the Department of Revenue under this Act and any interest accrued thereon are a lien on the real estate and improvements thereon until paid and that the real estate taxes deferred under this Act and taxes paid by the Department of Revenue under this Act, together with all interest and costs that may accrue on those amounts, shall be a prior and first lien on the property, superior to all other liens and encumbrances, until the deferred taxes and taxes paid by the Department of Revenue, interest, and costs are paid in accordance with this Act. If the taxes deferred are for a tax year prior to 2023, then interest shall accrue at the rate of 6% per year. If SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468