#United States #California #Sacramento #Property Tax #Malia M. Cohen

California's Property Tax Postponement Program: Applications Open for 2026-2027

State Controller Malia M. Cohen recently declared the commencement of applications for California's Property Tax Postponement Program (PTP) for the fiscal year of 2026-2027. This program aims to alleviate the financial burdens faced by homeowners who are seniors, blind, or have disabilities, allowing them to delay their property tax payments on their primary residences.

In her announcement, Cohen emphasized the importance of homeownership in providing stability and community, while acknowledging the financial challenges that come with maintaining a home. She stated, "Owning a home offers stability, security, and a sense of community, but coping with housing costs can be a challenge. The Property Tax Postponement Program is designed to assist seniors and Californians with disabilities who qualify, in managing their current year's property tax payments."

Last year, the program provided relief to eligible homeowners who postponed approximately $7.7 million in property taxes. To qualify for the 2026-2027 PTP, applicants must meet several key requirements:
1. Be at least 62 years old, blind, or have a disability.
2. Own and occupy the home as a principal residence.
3. Have a total household income of $57,002 or less for 2025.
4. Hold at least 40 percent equity in the home.
5. Have no reverse mortgage on the property.

The process requires participants to reapply each year and demonstrate continued eligibility. Upon approval, a lien will be placed on the property or a security agreement filed for manufactured homes until the amount owed is fully paid. It's important to note that funding for the PTP is limited, and applications will be processed on a first-come, first-served basis starting October 1, 2026. The deadline for submitting applications for the current fiscal year is February 10, 2027.

For individuals seeking a printed application or further details about this program, they may reach out by calling (800) 952-5661 or sending an email to [email protected]. Homeowners impacted by wildfires or other disasters in California might qualify for additional tax relief programs that enable reassessment of damaged properties. More information about these options can be found on the California Board of Equalization's disaster assistance website.

As the head of California's State Controller's Office, which oversees the financial resources of the world's fourth-largest economy, Malia M. Cohen is dedicated to ensuring transparency and integrity in state financial management. She also exercises independent authority to audit government agencies handling state funds, a crucial role in fostering public trust.

In addition to her fiscal responsibilities, Cohen is a member of various financial oversight organizations and serves on the boards of the largest public pension funds in the country. To stay updated with her work, follow Controller Cohen on social media platforms such as X, Facebook, YouTube at @CAController, and Instagram at @CaliforniaController.