Ca Propery Taxes

Dated: January 23 2023

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  • California Property Tax Postponement Program - Filing Period Closes soon!
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    The CA Property Tax Postponement Program (PTP) allows eligible homeowners to postpone payment of property taxes on a primary residence. 

    To be eligible for PTP, you must:

    • Be at least 62, or blind, or have a disability;

    • Own and occupy the home as your primary place of residence;

    • Have a total household income of $49,017 or less;

    • Have at least 40 percent equity in the property; and

    • Other requirements.

    The interest rate for taxes postponed under PTP is 5 percent per year. A lien will be placed on the real property, or a security agreement filed with the Department of Housing and Community Development for a manufactured home, until the account is paid in full. Funding for the program is limited. Applications will be accepted from October 1 to February 10 each year, and will be processed in the order received. Only current-year property taxes are eligible for postponement.

    Repayment under the PTP Program becomes due when the homeowner:

    • Moves or sells the property;

    • Transfers title;

    • Defaults on a senior lien;

    • Refinances;

    • Dies; or

    • Chooses to obtain a reverse mortgage.

    To download an Application or for more details please visit the State Controller’s website at https://www.sco.ca.gov/ardtax_prop_tax_postponement.html. For more detailed program information, please refer to the website or call the California State Controler’s office at toll-free (800) 952-5661 or email postponement@sco.ca.gov.

     

    2022-23 Program Timeline

    Applications available:

    Filing period opens: 

    Filing period closes: 

    September 2022

    October 1, 2022

    February 10, 2023

    DOWNLOAD APPLICATION

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Rama Narula

Knowledge Is Power on the Path to Homeownership:Work with a Knowledgeable and professional realtor.The real estate market requires the expertise of a qualified real estate agent. Rama, San Jose reside....

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