Fresno County Assessor-Recorder Paul Dictos announced Thursday that a recent California State Assembly bill will allow qualified applicants to postpone their property taxes beginning in 2016.
The program will allow property owners to postpone their property taxes if they meet these requirements:
• Must be at least 62 years of age, or blind, or disabled
• Own and occupy the property as the principal place of residence
• Have a total household income of $35,500 or less
• Have at least 40% equity in the property each year an application is submitted
The postponements will be part of a loan from the State Controller’s Office. The money will be due when the owner moves, sells, dies, changes title on the property, becomes delinquent on a senior lien, refinances the home or participates in a reverse mortgage, Dictos said.
Dictos said the program will go into effect on July 1, 2016. The State Controller’s Office will start accepting applications in September 2016.
For more information, contact the State Controller Office at (800) 952-5661 or at firstname.lastname@example.org.