It’s called the Property Tax Postponement (PTP) Program.

What is the Property Tax Postponement Program?

Think of this program as a "state-funded deferment." Instead of paying your property taxes out of pocket this year, the California State Controller’s Office pays them directly to the county on your behalf. The state places a lien on the property for the amount paid plus a 5% simple interest rate. You don't have to pay the money back until you sell the home, move, refinance, or pass away. Keep in mind you do have to re-qualify every year.

Do You Qualify?

To be eligible for the current cycle, you must meet these five specific criteria:

1. Age/Status: You must be at least 62 years old, blind, or have a disability.

2. Income: Your total household income must be $55,181 or less.

3. Equity: You must have at least 40% equity in your home.

4. Occupancy: The home must be your primary residence. (Floating homes and houseboats do not qualify).

5. No Reverse Mortgage: If you already have a reverse mortgage, you are ineligible for this specific state program.

Important Real Estate Realities to Consider

• It’s Not a Grant: This is a loan from the state. Interest at 5% is lower than many commercial loans, but it does accrue monthly.

• You Must Re-Apply Yearly: Approval for one year does not guarantee approval for the next. You must submit a new application every season.

• Already Paid? If you already paid your taxes and then get approved for PTP, the county will issue you a refund.

• Lender Issues: If your taxes are paid through an escrow/impound account with your mortgage company, you are responsible for notifying them of your participation in this program.

How to Apply

You can download the application directly from the California State Controller’s Website or request one by mail by calling (800) 952-5661.

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Please Read: The information provided in this article is for educational and informational purposes only and does not constitute legal, financial, or tax advice. While we strive to provide accurate and up-to-date information regarding California state programs (such as the Property Tax Postponement Program), laws and eligibility requirements are subject to change by the State Controller’s Office without notice.