Homeowner Resources

Property Tax Savings Programs: Property Tax Postponement

 

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:

  • Be at least 62 years of age, or blind, or disabled; and
  • Own and occupy the property as his or her principal place of residence; and
  • Have a total household income of $35,500 or less; and
  • Have at least 40% equity in the property.

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 postponement@sco.ca.gov.


Property Tax Postponement Information

 

 


Other Property Tax Programs

 

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