CA AB777

Increases the household income limit for property tax postponement eligibility from $35,000 to $35,500 or the "very low income" limit for the county, whichever is greater, effective upon enactment.

Reduces the interest rate on property tax postponement payments from 7% per annum to 5% per annum, effective July 1, 2020.

Limits annual transfers of excess funds from the Senior Citizens and Disabled Citizens Property Tax Postponement Fund to the General Fund to occur only through June 30, 2019; transfers of amounts exceeding $15,000,000 cease after that date.

Makes a continuous appropriation from the Senior Citizens and Disabled Citizens Property Tax Postponement Fund to the Controller for administration of property tax postponement programs.