K. E. Coleman, El Dorado County Treasurer-Tax Collector, shares news from the State Controller’s Office that applications to postpone payment of 2020-21 property taxes will be available October 1st.
The Property Tax Postponement Program, or PTP Program, administered by the State Controller’s
Office, allows eligible homeowners to postpone payment of property taxes on their primary
residence. To be eligible, you must: be at least 62, or blind, or have a disability; own and occupy
the home; had a total household income in 2020 of $45,810 or less; have at least 40% equity in
the home; and meet other requirements. Repayment under the PTP Program becomes due when
the homeowner: moves; sells; transfers title; defaults; refinances; dies or obtains a reverse
Funding for the program is limited. Applications are accepted from October 1 to February 10 and are processed in the order received.
Coleman advises, “This is a popular program. If you are interested and feel that you may qualify, do not delay. Contact the State Controller’s Team by phone at 800-952-5661 or by e-mail to firstname.lastname@example.org. A recent addition to the Program,” continues Coleman, “that was an added benefit for many seniors in our County, is that manufactured homes now qualify.”
Requirements are subject to change without notice if the law is revised. Additional information and eligibility requirements can be found on the California State Controller’s website at www.sco.ca.gov/ardtax_prop_tax_postponement.html .