The phone call was from a frightened older woman in the Central Valley. “I can’t afford to pay my property taxes and I may lose my home by the end of the year if nothing is done in Sacramento.” While this call was eerily reminiscent of the years just prior to Prop 13’s enactment in 1978, it wasn’t. The call was made this summer.
Back in 1978, many seniors on fixed incomes were experiencing the heartbreak of foreclosure, despite having paid off their mortgages, because they couldn’t afford the property taxes. While Prop 13 has provided amazing property tax relief for all California homeowners, there remains a segment of society for who not even Prop 13’s protections provide sufficient security.
For that reason, a valuable program known as Property Tax Postponement was created.
Historically, property tax postponement was…
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