Administered by the State Controller’s Office, PTP allows homeowners who are seniors, are blind, or have a disability and who meet income, equity and other requirements, to delay payment of property taxes on their primary residence.
Residents of 31 counties in governor-declared disaster areas — including Los Angeles County — now have a deadline of June 1 to apply for 2020-21 PTP.
In the 2019-20 tax year, California homeowners postponed more than $4 million in residential property taxes through PTP. As of Feb. 10, more than $3.6 million had been paid out for tax year 2020-21.
Funding for the program is limited, and applications are processed in the order they are received. Participants must reapply each year and demonstrate they continue to meet eligibility requirements.
The interest rate for all taxes postponed under PTP this tax year is 5%. A lien is placed on the real property, or a security agreement filed for a manufactured home, until the deferred taxes are repaid.
Applications for the 2021-22 tax year will be available in September. Applications and program details can be found online or by calling 800-952- 5661.
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Kay says
… if you ever wanted to solve homelessness, here in California? Here’s your problem.
The nation’s largest prison population, the nation’s largest homeless population, the most usurious, abusive property tax system in America, property tax in California is so high, it’s no longer a tax.
Property tax in California’s so high, the State of California effectively imposes a rent, upon all property owners.
California’s property tax is so punitive, Orange County, Los Angeles, Bay Area and Santa Clara Valley homeowners are forced into converting their garages to studio living spaces, renting them to borders to pay their US$10 thousand a year property tax obligation.
No garage space, all those parked cars wind up coking up our residential streets.