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Property Tax Savings Programs for Homeowners

Appraisal Exclusion for Seniors

Senior citizens 55 years of age (in the case of married couples, only one spouse must be 55 years or older) can buy a residence and transfer their current assessed value to the new home if the new residence is of equal or lesser market value. This prevents a tax increase due to reappraisal of the new home. Both sale and replacement residence must be in the same County.

Parent to Child Exclusion

The transfer of the principal place of residence and /or the first $1,000,000 of other real property between parents and children can be excluded from reassessment if a proper application is filed. This will exclude the parent to child transfer (or vice versa) from being reassessed. This can also apply for GRANDPARENT TO GRANDCHILD transfers provided the middle parents are deceased.

Property Tax Assistance

Provides a prorated reimbursement for property taxes paid based on income. You must be either blind, disabled or 62 years of age or older, with a total household income of $37,676 or less. Call the State Franchise Tax Board (toll free) at (800) 852-5711. Does not create a lien, and will never have to be paid back.

Property Tax Postponement

If you are blind, disabled or 62 years of age or older, with an annual income of $24,000 or less, you may apply for a postponement for all or part of the property taxes on your home or manufactured home. This deferred payment is a lien on the property and becomes due upon sale, change of residence or death. Call (toll free) at 800-952-5661.


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