Anyway, does anyone know what decompenation is? What does it mean? What does a person decompensate from? So the back story that you can skip if you want is this: three years ago I was in a PHP program and I had a bit of a mental breakdown there.
From the standpoint of an individual, disposable income is the income that you have left over after you have paid all taxes and other mandatory expenses such as home loan payments, consumer loan payments, and child support obligations.
Your household income and your age or disability determines your eligibility for both programs.This publication provides an overview of the property tax deferral program that helps senior citizens and disabled persons postpone the payment of their property tax and/or special assessments.or more information on how income is calculated, see Calculating Your Disposable Income.If your household income is $35,000 or less, you must apply for the Property Tax Exemption Program for Senior Citizens and Disabled Persons before you apply for the deferral program.