Senior Property Tax Exemption – Homestead Exemption

Seniors over 65 may be eligible for a little break on their property taxes.  Here’s some info from the Boulder county website, although this program is in effect for all Colorado counties, as well.

Senior Tax Exemption

The Colorado Constitution establishes a property tax exemption for qualifying senior citizens, surviving spouses of senior citizens who previously qualified, and for disabled veterans.

Deadline

Applications must be filed no later than July 15 to have the exemption apply to your tax bill the following year.

Eligibility Requirements

Qualifying seniors must meet the following eligibility requirements:

  • Must be at least 65 years old on January 1 of the year in which he or she qualifies.
  • Must be the owner of primary residence, on record, for at least ten consecutive years prior to January 1.

Once an exemption application is filed and approved by the assessor, the exemption remains in effect until a disqualifying event occurs.

Qualifications, Instructions, and Application Forms

  • Short form (771 KB) (118 kb)
  • Long form (650 KB) (for properties held in trusts, LLCs or other legal entities) (190 kb)

Applications are also available at the Assessor’s office, senior centers and other locations.

Exemption Amount

For those who qualify, 50 percent of the first $200,000 in actual value of their primary residence is exempted, for a maximum exemption amount of $100,000 in actual value. The State of Colorado pays the property taxes on the exempted value.

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