Bay Area REBlog

It is true we can not avoid Death or Taxes but it seems California Homeowners can at least postpone property taxes. California homeowners on fixed incomes may be eligible for low interest loans to pay their property taxes. Borrowers pay interest only and the principal does not have to be paid until the home is sold or the homeowner dies.

To participate in the Property Tax Postponement Program homeowners must:

1. -be 62 years old or older, or disabled at any age, and
2. -must have lived in the house since December 31, 2007 and
3. - have at least 20% equity in the home
4. -and have a household income of less than $35,500.

To learn more call- 800-952-5661 0r go to http://www.sco.ca.gov/col/taxinfo/ptp/geninfo/description.shtml#3

The deadline for the application is December 10th so don’t hesitate to apply!!!

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