June 1 deadline for property tax postponement program application in counties affected by wildfires, floods

SACRAMENTO – State Controller Betty T. Yee reminded California homeowners in counties recently affected by wildfires and flooding that the deadline to apply for the Property Tax Postponement, or PTP, Program for the 2018-19 tax year is June 1.

California’s PTP Program, administered by the State Controller’s Office, allows homeowners who are at least 62 years of age, or blind, or have a disability and who meet income, equity, and other requirements to postpone payment of property taxes on their primary residence.

Residents of 22 counties in governor-declared disaster areas affected by recent wildfires and flooding have an extended deadline of June 1 to file for PTP.

Residents in the following counties may qualify: Amador, Butte, Colusa, Fresno, Kern, Lake, Los Angeles, Mariposa, Mendocino, Merced, Napa, Orange, Riverside, San Diego, San Bernardino, Santa Barbara, Shasta, Siskiyou, Stanislaus, Tulare, Tuolumne and Ventura.

The deadline for all other counties was Feb. 10.

In the 2017-18 tax year, California homeowners were able to postpone nearly $2.9 million in residential property taxes.

Funding for PTP 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 the PTP program is 7n percent. A lien is placed on the property until the account is paid in full.

Applications for the 2019-2020 tax year will be available in September.

Applications and additional program details can be found online or by calling 800-952-5661.

LCNews

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