The Desert IndependentTM

Serving Blythe and the Desert Regions of the Southwest Since 2001

 ,

California Property Tax Postponement Program


December 6, 2016

Do you or a loved one need help keeping up with residential property tax payments? The PTP Program 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 $35,500 or less;

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

  • There are other requirements.

The interest rate for taxes postponed under PTP is 7 percent per year. 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.

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.

More details are available on the State Controllerís Website.

Questions? Contact the Controllerís team at (800) 952-5661 or [email protected]



Please read The Desert Independent's Comments Policy before responding.



Contact Us    Advertising    Terms    Comments Policy    Submit an Article    Have a News Idea?

Copyright © 2008-2018 All Rights Reserved, The Desert Independent, LLC