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February 21, 2022  - The Rural County Representatives of California (RCRC) reports RCRC has expressed support for Assembly Bill 1707, authored by Assembly Member Tasha Boerner Horvath (D-Encinitas), which seeks to secure a permanent funding source for the Senior Citizens and Disabled Citizens Property Tax Postponement (PTP) Program.  

The PTP Program, administered by the State Controller’s Office, allows a person, under specified circumstances, to have the state pay their county property taxes in exchange for a lien on the home. That lien is removed when the home is sold, and the state is paid back out of the proceeds from the sale. The PTP Program is self-funded from repayments from previous program participants.  

The PTP Program is in jeopardy of being unable to fund all eligible applicants and cover its administrative costs as early as fiscal year (FY) 2023-24. To ensure the PTP program is able to meet the demand of all those who are eligible, the bill would require a transfer from the General Fund to the PTP fund on June 30, in years that the balance is less than $15 million, to maintain a long-term funding level of $15 million.  

AB 1707 enables the PTP Program to continue helping vulnerable populations and ensure counties continue to receive vital property tax payments that fund core public services. 

Read RCRC’s letter of support here.
Source: Rural County Representatives of California