Senior Homestead Property Tax Exemption

Senior Services Community Meetings Boulder County Assessor Cynthia Braddock and Boulder County Treasurer Paul Weissmann have scheduled community meetings to present information to seniors about a variety of senior resources, including the Senior Homestead Property Tax Exemption and the Senior Tax Deferral Program. Downloadable Poster
Tuesday, April 3 3:30-6:30pm Lafayette Library	Wednesday, April 11 4:00-6:00pm Longmont Public Library	Monday, April 23 3:00-7:00pm Boulder Public Library Main Branch

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 the tax bill you receive the following year.

Effect on Taxes

• The exemption goes into effect for tax year 2018.
• The discount will first appear on the tax bill sent in January 2019.
• The exemption remains in effect until a disqualifying event occurs, such as:
  • properties moved into a trust, LLC or other legal entity, or
  • surviving spouse, or
  • home destroyed by natural disaster

Eligibility

Qualifying seniors:

• Were born on or before January 1, 1953, and
• Lived in the home continuously starting before January 1, 2008, and
• Owned the home continuously starting before January 1, 2008.

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.