Variations in Receipt of Benefit
No Variation in Receipt of Benefits
The program provides for a deferral of current year taxes and cannot be used to pay delinquent or defaulted taxes. Counties may elect to have their own postponement program. The state controller does not know if any counties have created their own programs.
How is Benefit Disbursed
Eligible Property Type
Characteristics of Eligible Property
To be eligible, property must be the principal place of residence for the applicant, including mobile, manufactured, or modular homes, whether affixed or unaffixed. Floating homes and house boats are not eligible.
Description of Eligibility Criteria
For the state program, applicants must be at least 62, or blind or disabled. The owner must have occupied the property as a principal residence since 31 December of the prior year on a continuous basis. The total household income for the prior year (2020 for 2021 application) is $45,810. Prior years' maximum income was $45,000. In addition, the homeowner must have at least 40% equity in the property, based on full market value, and have no reverse mortgages.
Local Option in Adoption of Program
Local Option Regarding Program Features
Local option regarding program features
State Funding for Local Tax Loss
State reimburses all of the local government tax loss
Description of State Funding for Tax Loss
There is a continuously appropriated fund in the Senior Citizens and Disabled Citizens Property Tax Postponement Fund. Repayments are made to this fund at the rate of 5% per annum.
Ca. Rev. & Tax. Code § 20514 ~ § 20622
Ca. Rev. & Tax. Code § 20639 ~ § 20639.13 (in effect 2021)
[https://www.sco.ca.gov/Files-ARD-Local/PTP_app_final.pdf Accessed 1/10/2022]
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