Deadline
Applications must be filed no later than July 15 to have the exemption apply to the tax bill you receive the following year.
Effect on Taxes
- The exemption goes into effect for tax year 2020.
- The discount will first appear on the tax bill sent in January 2021.
- The exemption remains in effect until a disqualifying event occurs, such as:
- Sale of property
- Property is moved into a trust, LLC or other legal entity*, or
- Surviving Spouse*, or
- Home destroyed by a natural disaster*
* You will be required to reapply using the Long form
Eligibility
To qualify to apply for the 2020 tax year (payable in 2021), seniors:
- Were born on or before January 1, 1955, and
- Lived in the home continuously starting before January 1, 2010, and
- Owned the home continuously starting before January 1, 2010.
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.
Instructions & Application Forms
- Short form
- Long form (for properties held in trusts, LLCs or other legal entities)
Applications are also available at the Assessor’s office, senior centers and other locations.
If you have any questions, please email assessorsx@bouldercounty.org.