What is a tax deferral program?

A tax deferral program is a program that allows taxpayers to temporarily delay paying taxes to the government. This can be helpful for taxpayers who are unable to pay their taxes on time due to financial hardship. In California, the county tax collector offers a tax deferral program for property tax payments. Eligible taxpayers must have a residence in the county and demonstrate financial hardship to participate in the tax deferral program. The tax collector may require proof of financial hardship, such as income tax returns or other financial records. The tax collector will then review the application to determine if deferral is granted. Once approved, the taxpayer will not be required to pay the full amount of the tax due immediately. The county tax collector will agree to receive payment of a reduced amount at a later date, usually within 6-12 months. Interest may be charged on the amount due and the taxpayer will still be responsible for paying all taxes due. The tax deferral program can be a great help to taxpayers in California who are unable to pay their taxes on time due to financial hardship. However, taxpayers should be sure to check with their county tax collector to get all the necessary details before taking part in the program.

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