The State Controller’s Property Tax Postponement Program (PTP) returned in 2016 after being suspended by the Legislature in 2009. The program allows homeowners who are seniors, are blind, or have a disability to defer current-year property taxes on their principal residence. The deferred payment is a lien on the property and becomes due upon sale, change of residence, or death.
To qualify for the program, a homeowner must meet the following criteria:
To apply, a homeowner must file a claim form with the California State Controller's Office. A Property Tax Postponement lien will be recorded on the home. The interest rate for taxes postponed under PTP is 7 percent per year.
The lien and interest are not due until the resident moves out of the home, sells or otherwise conveys title to another, dies without a spouse or other qualified individual continuing to reside in the home, refinances, defaults on a senior lien, or chooses to obtain a reverse mortgage.
Funding for the program is limited, and applications will be processed on a first-come, first-served basis. Only current-year property taxes are eligible for postponement. A copy of the application and instructions can be downloaded here. For more information, contact the State Controller's team at (800) 952-5661 or firstname.lastname@example.org.
|Builder's Exclusion||Disaster Relief|
|Disabled Veteran's Exemption||Homeowner Exemption|
|Homeowner Assistance||Institutional Exemptions|
|Properties Acquired by Governmental Entities||Property Tax Assistance|
|Property Tax Postponement||Property Tax Relief/Market Value Decline|
|Reappraisal Exclussion for Seniors or Disabled||Senior Exemptions for Special School Parcel Taxes|