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PROPERTY TAX RELEIF AVAILABLE FOR QUALIFYING SENIORS AND PERSONS WITH DISABILITIES
(PLACERVILLE, CA) – K. E. Coleman, El Dorado County Treasurer-Tax Collector, today announced that applications for deferment of 2019-20 property taxes are now available.
The Property Tax Postponement Program (PTP) allows eligible homeowners to postpone payment of property taxes on their primary residence. It is administered by the State Controller's Office. To be eligible, you must: be at least 62 years old or blind or have a disability; own and occupy the home; have a total household income of $35,500 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 mortgage.
Funding for the program is limited. Applications are accepted from October 1 to February 10 and are processed in the order received.
"This is a popular program, so if you are interested and feel that you may qualify, do not delay," Coleman advises. "Contact the State Controller's Team by phone at 800-952-5661 or by e-mail to firstname.lastname@example.org.
"Many older adults in our County will benefit from the addition of manufactured homes being included in the program this year," Coleman added.
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.
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