State Controller Betty T. Yee today announced that applications for property tax deferment for the 2022-23 tax year are now available.
California’s Property Tax Postponement (PTP) Program, administered by Controller Yee, allows homeowners who are seniors – or who are blind or have a disability – and who meet income, equity, and other requirements to postpone payment of property taxes on their primary residence.
In the 2021-22 tax year, California homeowners were able to postpone nearly $4.5 million in residential property taxes. Over the last few years, eligibility for tax deferment has been expanded several times by the addition of manufactured homes and adjustments to the income limit. This year, the household income limit has been raised to $49,017, making PTP available to even more seniors and Californians with disabilities. Householdincome for the upcoming PTP cycle will be based on the 2021 calendar year.
Funding for PTP is limited, and applications will be processed beginning October 1 in the order they are received. Participants must reapply each year and demonstrate they continue to meet eligibility requirements. 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.
Applications and additional program details can be found online or by calling (800) 952-5661.
Californians affected by natural disasters such as fires, floods, and earthquakes may be eligible for another tax relief program that allows for reappraisal of damaged or destroyed property. For additional information on this program, visit the California Board of Equalization’s disaster relief website.