The state of California is once again allowing some residents to postpone paying their property taxes. Reporter Rebecca Havely says if you are low-income or disabled, you may be eligible…
There is help available if you can’t afford your property taxes. If you are at least 62 years old, or are blind or disabled; own and occupy your own home; have a total household income of $35,500 or less; have at least 40 percent equity in your property; and do not have a reverse mortgage on your property, you may apply to postpone your property tax payment. Be aware that property tax payments that are postponed are subject to 7 percent interest. Property owners must re-apply each year and meet eligibility requirements. Applications are accepted through February 10, and will be processed in the order they are received. Applications are available by calling 800-952-5661, or online at sco.ca.gov.
SOME SENIORS AND DISABLED MAY POSTPONE PROPERTY TAX PAYMENTS
