vania-janet/multiturn-rag-retrieval-data huggingface dataset:
The 2024-25 Budget: Property Tax Postponement Program [EconTax Blog]
The 2024-25 Budget: Property Tax Postponement Program [EconTax Blog]

Translate Our Website

This Google™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.

Choose your language:

×

Skip to main content

Policy Areas

Capital Outlay, Infrastructure
Criminal Justice
Economy and Taxes
Education
Environment and Natural Resources
Health and Human Services
Local Government
State Budget Condition
Transportation
Other Government Areas

Publications
The Budget
Propositions and Initiatives
Staff
Careers
About Us

 
Search
 


  
 

All Articles

Tweet

The 2024-25 Budget: Property Tax Postponement Program
February 29, 2024

Ross Brown

Background
Property Tax Postponement (PTP) Program Provides Loans to Certain Low-Income Homeowners to Pay Property Taxes. The PTP program, operated by the State Controller’s Office (SCO), provides loans to low-income seniors, blind, or disabled homeowners to pay their property taxes and stay in their homes. Homeowners then repay the loans plus interest at a later date—often when the home is sold or transferred. The PTP program has seen some significant changes over the last 15 years, including:

Program Suspension in 2009. In response to statewide budget challenges, the program was suspended from 2009 to 2014, during which time it no longer accepted applications or made property tax payments to counties.
New Structure for Reinstated Program in 2014. A modified version of the program was reinstated in 2014.  First, all loan repayments go through the newly established the Senior Citizens and Disabled Citizens Property Tax Postponement Fund (PTP Fund) and the money is used to make annual property payments to counties and support program administrative costs. The intent of this change was to make the program self-funded. That is, program costs are paid for with loan repayments without general taxpayer support.
2001 Budget Analysis: Local Government Financing (9210)
In this regard, the program has been relatively successful. By both increasing property tax revenues to
governments and helping to ensure that taxpayers receive a fair assessment, the program has strengthened the property tax
administration system. Work backlogs in most counties have been significantly reduced or eliminated. In our view, however,
extension of the program is not the most effective method for achieving a stable and efficient property tax administration system in
the long term. Below, we discuss a number of the problems with the program.

Does Not Address Underlying Disincentives. While providing an infusion of needed funding into many counties' property tax
administration systems, the loan program does nothing to alter the underlying disincentive for counties to invest in their own
systems. A county continues to receive a very small proportion of the benefits for each dollar it chooses to spend on property
tax administration. 
Awkward Governance Structure. For the majority of their budgets, assessors seek approval from their county boards of
supervisors. However, for the portion of their budget funded from the loan program, the assessor instead seeks approval from
DOF. The state must try to evaluate the funding needs of local departments, each with their own set of circumstances. Thus, the
program creates an awkward system in which an assessor's budget is reviewed twice but never from a comprehensive
perspective. The current system also creates a sizable workload for DOF. Each year, the department must review and renew
contracts with up to 58 counties and then evaluate each county's performance to determine whether its loan ought to be forgiven.
In fact, a recent State Auditor report found that because of "weak oversight," DOF does not have adequate information to make
"good business decisions" regarding the program.
Nonuniform Benefits. While the loan program has benefitted many counties, 11 counties have elected not to participate for
administrative or other reasons. Therefore, the benefits of the program have not been uniform across the state. Moreover, the
program does not adjust to the changing demands of individual assessor offices. The maximum loan amounts for which each
The 2024-25 Budget: Property Tax Postponement Program [EconTax Blog]
New Structure for Reinstated Program in 2014. A modified version of the program was reinstated in 2014.  First, all loan repayments go through the newly established the Senior Citizens and Disabled Citizens Property Tax Postponement Fund (PTP Fund) and the money is used to make annual property payments to counties and support program administrative costs. The intent of this change was to make the program self-funded. That is, program costs are paid for with loan repayments without general taxpayer support. (Previously, all program revenues and expenditures would go through the General Fund.) Second, the state also established a $15 million cap on the PTP fund balance. When the fund balance exceeds this threshold—as it did from 2017-2018 through 2019-2020 by a total of $7.9 million—those funds are transferred to the General Fund. Third, in order to qualify, homeowners must have at least 40 percent equity in the home.
Reduced Interest Rates and Raised Income Eligibility Threshold in 2019.  The Legislature modified the program in 2019, including reducing interest rates on the loans (7 percent to 5 percent), raising income eligibility thresholds ($35,000 per year to $45,000 per year and growing with inflation), and expanding the program to include manufactured homes.

Proposal
Budget Proposes $7.5 Million General Fund Transfer to the PTP Fund. The Governor’s budget would provide the Department of Finance authority to transfer $7.5 million from the General Fund to the PTP Fund to ensure there are adequate resources available to cover costs in 2024-25. (This transfer is located in budget item 9100-111-0001.) Program expenditures ($9 million) are expected to exceed revenues ($5.4 million) in 2024-25 and the fund balance is insufficient to ensure adequate resources to provide loans in the budget year.
Assessment
Structural Deficit in PTP Fund Puts Ongoing Cost Pressure on General Fund. As shown in the figure below, expenditures have exceeded revenues over the last few years, with the gap growing in recent years. This imbalance is expected to continue for at least the next few years.
Frequently Asked Questions (FAQs) | Placer County, CA
You may call, email, or write to the Assessor’s Office to discuss the value. When making a written request for an informal review, please note that if the value was the result of an estimated assessment made by the Assessor for failure to file a property statement by May 7, you will need to complete and return an Aircraft Property Statement (PDF) with your request for an informal review.When writing to request an informal review, please provide the following in support of your opinion of value:Comparable sales of aircraft that have sold close to January 1st. Sales occurring after March 31st may not be considered.Photos and estimates to repair (if condition considerably affects the value).The exact year, make, and model (if not previously provided).Documentation showing the insured value as of January 1st.An appraisal for the aircraft.Any additional documentation that would support your opinion of value.Placer County Assessor’s Office Contact Information:Mailing Address: 2980 Richardson Dr. Auburn, CA 95603Phone: 530-889-4300Email: [email protected]

What if I still do not agree with the aircraft value after an Assessor’s Informal Review?

You can file an Assessment Appeal Application online or by calling 530-889-4020. In order to appeal an assessment, you must file an Assessment Appeal Application with the Clerk of the Board between July 2 and September 15 (or the next business day if the September 15 falls on a weekend or holiday).Should your value notice be the result of an escape assessment, you have 60 days from the date of the Notice of Enrollment of Escape Assessment to file an Assessment Appeal Application.

View All

/FAQ.aspx

 Boats/Vessels

Boats/Vessels

Why do I have to pay taxes on my vessel?

California Constitution Article XIII and Revenue and Taxation Code Section 201 state that all property is taxable unless it is stated that it is exempt. Personal property is not exempt.

I paid the sales tax when I purchased the vessel and paid registration fees to the Department of Motor Vehicles. Why am I paying taxes again?

Sales and/or use tax and property tax are two different types of taxes.Sales tax is paid at the time of purchase.Personal property taxes are paid annually.
propTaxPortal | Placer County, CA


propTaxPortal | Placer County, CA

 

Skip to Main Content

 

Search

 
 
 

HomeOverviewFAQQuick LinksContact Us

 

 
 
 

WelcomeThe Assessor, Auditor-Controller, and Treasurer-Tax Collector have prepared The Placer County Property Tax Portal to provide you with an overview of the property tax process in Placer County. The Property Tax Portal consolidates information from the elected officials who take part in the property tax system and delivers Placer County taxpayers a one-stop customer service website. 

 
 

1

2

3

  
 
 

Pay Property Taxes

 
 

  
 

Change Mailing Address

 
 

  
 

Property Details

 
 
 

Self-Service Options

 
 

  
 

Apply for Business License

 
 

  

Property Tax Assessment Appeals

 
 
 

 

 

 

 

 

 

 

 

 
 

Related Departments

Assessor

Auditor Controller

Clerk of the Board-Property Tax Assessment Appeals

Clerk-Recorder

Revenue Services

Treasurer-Tax Collector

/QuickLinks.aspx

 
 

Using This Site

County Home Page

Site Map

Accessibility

Privacy

Copyright Notices

/QuickLinks.aspx

 
 
 

 

 

Loading


	Loading
	

Do Not Show Again
Close

  

Arrow Left

Arrow Right

[]

Slideshow Left Arrow

Slideshow Right Arrow
2001 Budget Analysis: Local Government Financing (9210)
(2) counties with no incorporated cities on the basis that they are not eligible to receive the city portions of the gas tax and
vehicle license fee distributions ($147,000), and (3) local agencies which paid jail booking fees in 1997-98 ($38 million,
continuously appropriated).
State-Mandated Local Programs. This item includes funding to reimburse local governments for costs incurred in complying
with certain state-mandated local programs ($6 million).

Provide Long-Term Improvements to Property Tax System 
We recommend that the Property Tax Administration Loan Program not be extended beyond its sunset of 2001-02. In
its place, we recommend that the Legislature consider implementing a long-term structural improvement to the
property tax system.
Background. Counties are the level of government with the primary responsibility for assessing property and collecting property
tax revenues,which are expected to total more than $25 billion in 2001-02. County assessor offices assess the value of property,
and then county tax collectors and auditors collect the revenues and allocate them among local governments. It is estimated that
$450 million is spent annually on the property tax administration system.
In the early 1990s, county assessor offices suffered two financial strains:

The property tax shifts—which redirected over $3 billion in property taxes from local governments to schools—forced counties
to make budget cuts to many discretionary spending programs, including assessor offices. 
The statewide economic recession dramatically increased many assessors' workloads by requiring the processing of downward
assessments and assessment appeals.

Since the property tax shifts reduced the share of each property tax dollar collected that goes to a county, counties experienced a
decline in the financial incentive to invest in the property tax administration system. Although cities and special districts are required
to pay for their share of property tax administration costs, school districts are not. As a result, counties pay more than 70 percent of
property tax administration costs, yet they now receive less than 20 percent of the revenues.
Loan Program to Sunset. Although the property tax is a local tax, it nevertheless benefits the state as a result of California's
education financing system.
Property Tax Sales | Sierra County, CA - Official Website
P.O. Box 376
Downieville, CA 95936

Phone: 530-289-3286
Fax: 530-289-2829

Hours
Monday - Friday
9 a.m. - 4 p.m.

Closed
Noon - 1 p.m.

Directory

 
 
 

Quick Links

Property Tax Postponement 2019-20

California Revenue and Taxation Code

/QuickLinks.aspx

 
 
 

 

How to Avoid Late Penalties

Property Tax Information

Property Tax Rates & Special Assessments

View and Pay Property Tax Bills

Property Tax Assistance

Property Tax Sales

Transient Occupancy Tax (TOT)

 

 

EmergencyInformation

OnlinePayments

 
 

Agendas& Minutes

CountyOrdinance Code

 
 

Jobs

View PropertyTax bills

 
 
 

 

 

 
 

 
 

Contact Us

Sierra County Courthouse100 Courthouse Square #200Downieville, CA 95936Phone: 530-289-3698
 

 
 

 
 

Quick Links

Current Projects

Projects & Public Hearings

CA Chief Probation Officers

Proposition 13 FAQ

/QuickLinks.aspx

 
 

 
 

Site Links

Bids & RFP's

Site Map

Contact Us

Accessibility

/QuickLinks.aspx

 
 
 

 

 

 
 

Government Websites by CivicPlus®

 
 

 
 
 

Loading


	Loading
	

Do Not Show Again
Close

Arrow Left

Arrow Right

[]

Slideshow Left Arrow

Slideshow Right Arrow
Government | Placer County, CA
Supplemental Property Tax Bills

Tax Defaulted Bills & Payment Plan

Tax Land Sale

Top Ten Taxpayers List

Unsecured Property Tax Bills

Treasurer

Unclaimed Money - Heirs Trust

Business Licenses

Apply

Restrictions

Additional Contacts

Investor Information

Veterans Services

 

 

 

 

 
 

 
 

Contact

Directory of County Offices
 

 
 

Popular Links

Assessor

Auditor-Controller

Clerk of the Board-Property Tax Assessment Appeals

Clerk-Recorder

Employee Self-Service

Revenue Services

/QuickLinks.aspx

 
 

Using This Site

County Home Page

Site Map

Accessibility

Privacy

Copyright Notices

/QuickLinks.aspx

 
 
 

 

My Account

 
 
 

 

Loading


	Loading
	

Do Not Show Again
Close

 

Arrow Left

Arrow Right

[]

Slideshow Left Arrow

Slideshow Right Arrow
Property Tax Division | Placer County, CA
Why are these charges on my bill?

I live in another county, so why do I have to call Placer County with questions about my tax bill?

View All

/FAQ.aspx

 
 

Roll Correction & Refunds FAQs

When will my roll correction be processed?

When can I expect my refund?

Why didn’t I receive any interest on my refund?

View All

/FAQ.aspx

 
 
 

Supplemental Taxes FAQs

What is a supplemental tax?/Why did I receive two supplemental assessments?

How are my taxes calculated?

View All

/FAQ.aspx

 
 
 

Allocation of Property Tax FAQs

What is the assessed value of a specific tax rate area (TRA) or a specific taxing entity?

How are property taxes allocated?

What are the increment factors for a specific tax rate area (TRA)?

What is the Teeter Plan?

View All

/FAQ.aspx

 
 
 

 

 

 

 

 

 
 

 
 

Contact

Directory of County Offices
 

 
 

Popular Links

Assessor

Auditor-Controller

Clerk of the Board-Property Tax Assessment Appeals

Clerk-Recorder

Employee Self-Service

Revenue Services

/QuickLinks.aspx

 
 

Using This Site

County Home Page

Site Map

Accessibility

Privacy

Copyright Notices

/QuickLinks.aspx

 
 
 

 

My Account

 
 
 

 

Loading


	Loading
	

Do Not Show Again
Close

 

Arrow Left

Arrow Right

[]

Slideshow Left Arrow

Slideshow Right Arrow
Apply For | Sierra County, CA - Official Website
Encroachment

Property Tax Exempt

Eminent Domain

Disaster Relief

Homeowners' Exemption

Institutional Exemption

Parent/Child & Grandparent Exclusion

Reappraisal Exclusion for Seniors, Victims of Natural Disaster, and Severely Disabled

Veterans

Disabled Veterans FAQ

New Construction Exclusions for the Disabled

Property Tax Savings Information Sheets

Septic

Short-Term Rental Permit

Short-Term Rental Permit Application

Short-Term Rentals

Well

 

 

EmergencyInformation

OnlinePayments

 
 

Agendas& Minutes

CountyOrdinance Code

 
 

Jobs

View PropertyTax bills

 
 
 

 

 

 
 

 
 

Contact Us

Sierra County Courthouse100 Courthouse Square #200Downieville, CA 95936Phone: 530-289-3698
 

 
 

 
 

Quick Links

Current Projects

Projects & Public Hearings

CA Chief Probation Officers

Proposition 13 FAQ

/QuickLinks.aspx

 
 

 
 

Site Links

Bids & RFP's

Site Map

Contact Us

Accessibility

/QuickLinks.aspx

 
 
 

 

 

 
 

Government Websites by CivicPlus®

 
 

 
 
 

Loading


	Loading
	

Do Not Show Again
Close

Arrow Left

Arrow Right

[]

Slideshow Left Arrow

Slideshow Right Arrow
Property Tax Assessment Appeals | Placer County, CA
Property Tax Assessment Appeals | Placer County, CA

 

Skip to Main Content

 

 
 
 

Clerk of the BoardCommittees & CommissionsMAC MeetingsBOS DistrictsAbout

 

 
HomeGovernmentBoard of SupervisorsClerk of the BoardProperty Tax Assessment Appeals



Property Tax Assessment Appeals	

An Assessment Appeal is the formal appeal of your property values to the Assessment Appeals Board and can only be accepted within certain time periods based on type of appeal filed. The 2023 regular filing period will be July 2, 2023 through September 15, 2023.FeesThere is a $40 non-refundable processing fee for each parcel appealed. Checks or money orders should be made payable to Placer County. No credit card payments are accepted.QuestionsQuestions about property values or notices received? Contact the Assessor at 530-889-4300.Questions about paying your taxes? Contact the Tax Collector at 530-889-4120.Common AppealsDecline in Value: If you disagree with the current year value, file during the Regular Filing Period.Change in Ownership or New Construction: If you disagree with values established, file within 60 days of the date printed on the Supplemental Notice or tax bill (if no notice was received) or File in Regular Filing Period the year your value is first placed on the regular assessment roll, or within the following three years.Roll Change/Escape Assessment/Calamity Reassessments: If you disagree with values established, file by deadline stated on the notice.Penalty Assessments: Only penalties imposed by Assessor can be appealed, not penalties for late payments of taxes. File by deadline stated on notice.Appeals ProcessThe Assessment Appeals Board is expected to hear and decide appeals within two years of filing.Notify the Clerk of any address changes.Hearing Notice: Written notice will be given at least 45 days prior to hearing.Response is required at least 30 days prior to the scheduled hearing date.Board Action: The Board determines the full value of the property. You will be notified of the decision in writing. The decision of the Board is final.Learn more about the appeals process.

 
 
 

 

Contact Us

Assessment Appeals Board
Email the Appeals Board

Physical Address
View Map 
175 Fulweiler Avenue
Auburn, CA 95603
Frequently Asked Questions (FAQs) | Placer County, CA
If this applies, the property owner will be required to provide documentation to the Assessor’s Office such as but not limited to, corporation papers listing all stockholders and/or all stock certificates issued with voting rights, articles of organization; or partnership agreements listing all members and their percentages of interest; or the operating agreement listing all members and their percentages of interest in the limited liability company.

Can I get information on how to change title?

If you want to add, change or remove a name from the property tax records, you must submit for recording appropriate deeding type documents with the County Clerk-Recorder in Auburn. Concurrently, with the document(s) submitted, an appropriate Change in Ownership Statement for the Assessor’s Office must be attached or additional fees may be charged. Change in Ownership Forms are available on the Assessor’s website.Before you record any document, speak with your tax advisor or seek legal counsel for information about any potential reassessment (tax increase) or legal implications that may result from your recordation.

Does the death of a property owner result in a reassessment of the property they own?

Generally, yes. However, the property may qualify for a reassessment exclusion, if one of the following conditions applies:The transfer of property between husband and wife.The transfer of property between registered domestic partners.The transfer of property between co-tenants.The transfer of property between parent and child.The transfer of property between grandparent and grandchildren.

What documents need to be submitted to the Assessor’s Office upon the death of a property owner?

A Change in Ownership Death of Real Property Owner (BOE-502-D) (eForm) must be filed with the Assessor’s Office within 150 days after the property owner’s death.
Frequently Asked Questions (FAQs) | Placer County, CA
The most common reasons are:There is not enough room on the map page.The parcels are more than 45,000 square feet and are in different tax rate areas.The parcels are assessed at more than $50,000 and are in different tax rate areas.The ownership is not identical for all of the parcels.

What can I do about being charged double for the direct charges and/or special assessments?

The Assessor's Office is not involved with special assessments (direct charges). We suggest you contact the Placer County Auditor-Controller at 530-889-4160 or call the phone number associated with the direct charge(s) on your tax bill.

How can I get an Assessor Map from your website?

Learn how you may obtain maps on our Assessment Inquiry page.

Can I get a copy of the Survey/Parcel or Subdivision maps?

The Assessor’s Office does not provide copies of these maps to the public. We suggest you contact the Placer County Clerk-Recorder’s Office at 530-886-5600.

Where would I get a site/plot plan of my property?

You will need to contact the city building department where your property is located. If your property is located in an unincorporated area of Placer County, you may contact the Community Development Resource Agency (CDRA) Building Services at 530-745-3010.

Where would I get my existing building plans?

You will need to contact the city building department where your property is located. If your property is located in an unincorporated area of Placer County, you may contact the Community Development Resource Agency (CDRA) Building Services at 530-745-3010. Our office can provide building record information from our property files. You will need to provide identification (driver’s license, identification card) to verify you are the owner of the property.

View All

/FAQ.aspx

 Ownership

Ownership

How will Proposition 19 affect Base Year Value Transfers and the Parent-Child and Grandparent-Grandchild Exclusions?

Proposition 19, The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act, was passed by California voters on November 3, 2020.