Applications for property tax deferment for the 2018-19 tax year are now available, the state Controller’s Office announced Tuesday.
California Property Tax Postponement, administered by Controller Betty T. Yee, allows homeowners who meet the requirements to postpone payment of property taxes on their primary residence.
Among those requirements include homeowners who are seniors, blind or have a disability and meet the equity and income criteria of having an annual household income of $35,500 or less.
The program returned in 2016 after being suspended by the legislature in 2009 due to lack of funding in the wake of the Great Recession.
California homeowners were able to postpone nearly $2.9 million in residential property taxes for the 2017-18 term, according to the Controller’s Office.
Funding for the program is limited and applications are processed in the order they are received, starting October 1.
Participants must reapply each year and demonstrate they can continuously meet eligibility requirements. A lien will be placed on the property until the account is paid in full.