SAN BERNARDINO, Calif. (VVNG.com) — Qualifying homeowners in San Bernardino County are eligible to postpone the payment of their current-year property taxes on their primary home.
The 2020-21 Property Tax Postponement Program (PTP) is available to qualifying taxpayers through the State Controller’s Office (SCO). Applications will be accepted from October 1, 2020, through February 10, 2021, and will be processed in the order they are received.
Officials said this loan program allows eligible homeowners, including low-income seniors and disabled individuals, to postpone the payment of their current-year property taxes on their primary residence at an interest rate of 5%.
Assembly Bill 133 revised the income limit for the PTP Program, raising it to $45,000 for the 2020-21 filing period. The income limit will be adjusted annually based on the rate of inflation. AB 133 also lowered the interest to 5% per year.
San Bernardino County Auditor-Controller/Treasurer/Tax Collector (ATC) Ensen Mason supported both changes, which make the program available to more people and more easily affordable.
Homeowner Eligibility Requirements:
- Be at least 62 years of age, or blind, or disabled;
- Own and occupy the home as your primary place of residence;
- Have a total household income of $45,000 or less;
- Have at least 40% equity in the property; and
- Not have a reverse mortgage on the property.
Postponed taxes and interest become due and payable when the homeowner moves or sells the property, transfers title, defaults on a senior lien, refinances, obtains a reverse mortgage, or passes away. Program participants must reapply each year and demonstrate they continue to meet eligibility requirements.
Funding for the program is limited. Applications are immediately available at the Tax Collector’s Office located at 268 West Hospitality Lane, First Floor, in San Bernardino and online at www.sco.ca.gov under the Public Services tab. For more information, please visit the SCO’s website at www.sco.ca.gov. You may also contact the SCO by phone at (800) 952-5661 or by email at firstname.lastname@example.org.
All News7 days ago
Driver killed after crashing into tow truck on 15 freeway offramp in Hesperia
All News3 days ago
Quick Shop 66 owners on 7th Street arrested for illegal gambling operation
All News6 days ago
Apple Valley Police warning residents of recent phone scam
All News14 hours ago
Man killed, child injured in high-speed crash in Apple Valley
All News2 days ago
Coroner Investigators seek help to ID man found dead in San Bernardino
All News6 days ago
Multiple Windows in the Jess Ranch Marketplace damaged by BB rounds
All News5 days ago
Barstow man arrested for possession and distribution of child pornography
All News1 day ago
Enter Valley Hi Toyota’s Used Car Giveaway the easy way