The Colorado Constitution establishes a property tax exemption for qualifying senior citizens, surviving spouses of senior citizens who previously qualified, and for disabled veterans.
Applications must be filed no later than July 15 to have the exemption apply to your tax bill the following year.
Qualifying seniors must meet the following eligibility requirements:
- Must be at least 65 years old as of January 1 of the year in which he or she applies.
- Must have owned and occupied the property as his or her primary residence, on record, for at least ten consecutive years prior to January 1 of the year in which he or she applies.
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
Applications are also available at the Assessor’s office, senior centers and other locations.
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.