Friday, July 1, 2022
74.9 F
Oxnard
More

    Latest Posts

    United States Socialist Republic book by HG Goerner

    Property Tax Postponement Deadline Fast Approaching

    Sponsored - Job Posting

    We are a small but mighty business in Ventura, CA specializing in Civil/Agricultural Engineering and Land Surveying. Going strong for over 35 years. Looking for motivated team players for immediate hire. Candidates must have at least 3 years of experience in Civil Engineering, Land Surveying, and AutoCAD Civil 3D. Must want to grow with the company. For the right person, management potential. Wages will depend on experience. Benefits include paid holidays, matching retirement plan & much more. Send resumes to: [email protected]

    YCE, Inc. is an Equal Opportunity Employer. Tel: 805-650-6995www.YCEinc.com

    SACRAMENTO—State Controller Betty T. Yee today reminded California homeowners the deadline to apply for California’s Property Tax Postponement (PTP) program for the 2019-20 tax year is February 10

    “If you think property tax postponement could be helpful to you or a loved one, I encourage you to act now,” said Controller Yee, the state’s chief fiscal officer. “It takes time to gather documents to verify ownership, income, and equity, and I want every eligible homeowner who could benefit from facing one less tax bill to have that opportunity.”

    At a minimum, each PTP applicant must submit a completed application and copies of their 2019-20 property tax bill, photo identification, ownership deed, and 2018 federal tax return. A checklist in the application packet and instructions will show if individual circumstances require additional documentation.

    The PTP program, administered by Controller Yee, allows homeowners who are seniors, are blind, or have a disability and who meet eligibility requirements to delay payment of property taxes on their primary residence. The State Controller’s Office pays property taxes to the county for a homeowner approved for PTP. A lien is placed on the real property, or a security agreement filed with the Department of Housing and Community Development for a manufactured home, until the account is paid in full. 

    In the 2018-2019 tax year, California homeowners were able to postpone more than $3.5 million in residential property taxes. This year, manufactured homes also are eligible for property tax postponement, making tax deferment available to a greater number of seniors and Californians with disabilities who are living on limited incomes.

    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.

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


    Get Citizensjournal.us Headlines free  SUBSCRIPTION. Keep us publishing – DONATE

    - Advertisement -
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments

    Latest Posts

    advertisement

    Don't Miss

    Subscribe

    To receive the news in your inbox

    0
    Would love your thoughts, please comment.x
    ()
    x