Senior Property Tax Exemption - State of Colorado

 

The senior property tax exemption is back!    The Denver metro Senior tax benefitsarea counties have created this homestead exemption for qualifying seniors.     This gives our seniors a reduction in their property tax, as long as they can qualify with the following -

1.   The qualifying senior must be at least 65 years old on Jan. 1 of the year in which he or she qualifies.

2.  The qualifying senior must be the owner of the record, and must have been the owner of the record for at least ten consecutive years prior to Jan. 1.

3.   The qualifying senior must occupy the property as his or her primary residence and must have done so for at least ten consecutive years prior to Jan. first.



Per the information on County web sites on this Senior exemption --

“The exemption reduces the actual value of qualified residential property by 50 percent up to a maximum reduction of $100,000.  The state is responsible for paying the tax on the exempted value. Once approved, the exemption remains in place until there is a change in ownership. Applications are available below.

An applicant or married couple can apply for the exemption on only one property.  That property must be his or her primary residence. Married couples and individuals who apply for the exemption on multiple properties will be denied the exemption on all properties.”



Senior tax benefitsIf you have other questions regarding qualifying for this tax exemption, please refer to your respective County’s web site.      As stated in the other information, this reduced property tax will not transfer to a new owner, unless they too qualify for this discount.


What a great program to put back into place to help our seniors who are on fixed incomes!

 




 

 

 

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17 Comments on Senior Property Tax Exemption - State of Colorado

JUL
19
732,701 Points 13 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Joan...we have a seniors property tax exemption,reduction but not 50% like that. I'm moving to Denver, the only issue is the 10 year rule...mmm

Cheers
8:06am • #1
226,289 Points 4 Featured Posts Outside Blog Called Shot Master

Hi Joan - CO is very senior friendly which is great - all the best, Dave
8:09am • #2
585,604 Points 46 Featured Posts Outside Blog Called Shot Master

Good morning Joan -

NM is senior friendly as it should be.  Good for you in getting the word out there that seniors need to check to see if they qualify for the benefits!  Suggested.

 
9:01am • #3
480,381 Points 4 Featured Posts Outside Blog Called Shot Master

Hi Joan,  senior property tax exemption in Denver Co will attract more senior to move there.  In Florida we also have low income (senior), disabled veteran, and widow exemption.
1:23pm • #4
936,382 Points 74 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Joan: This is an excellent program for Denver area seniors...every little extra bit helps.
1:25pm • #5
254,088 Points 9 Featured Posts Outside Blog Called Shot Master

Joan- What a great program for Denver area seniors, I hope your blog helps get the word out. I bet there are many that doesn't know about it.
3:59pm • #6
475,961 Points 35 Featured Posts Called Shot Master

This is great news for seniors in your area. Every little bit of savings helps. Nice blog, Joan, and way to stay on top of things.
4:07pm • #7
532,041 Points 15 Featured Posts Localism Sponsor Outside Blog

Hi Joan,

What great news for Denver area seniors...& in come cases up to a 50% savings is huge! I'd sure like to see more ways (like this) when it comes to caring for seniors.

Some people seem to feel that seniors are okay because their home may be free and clear if they've lived there for a very long time. Yet with the overall cost of living inflation through the decades many of our seniors throughout the U.S. are barely making it.
7:27pm • #8
1,098,671 Points 25 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Joan, I applied for our homestead exemption... well guess there is something good for you when you get older :)
9:07pm • #9
JUL
20
1,110,589 Points 72 Featured Posts

Joan, We have a program called enhanced STAR for anyone over 65, but Denver's property tax exemption sounds very inviting!
3:00am • #10
796,355 Points 80 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Joan, we don't have anything like this to the extent you do...makes a wonderful reason to move to Denver and enjoy the mountains as your reach the senior years...
6:08am • #11
472,592 Points 35 Featured Posts Outside Blog Called Shot Master

Wonderful information and program for Seniors in the Denver area. Hopefully, it helps many people who deserve some "golden time in their golden years."

By the way, so sad to hear about the shooting at the theater in Aurora...
6:50am • #12
620,093 Points 8 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Great information about Senior in Denver Colorado property tax exemption. Sounds like a wonderful program to help out the elderlys.
7:15am • #13
897,148 Points 35 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

We don't have that in Florida, Joan. Everyone gets a homestead reduction if it's the primary home. But seniors don't get anything special.
9:22am • #14
JUL
23
956,259 Points 53 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

This tax exemption was in effect for many years and was removed.    So glad for our seniors it was re-enacted!
6:23am • #15
JUL
25
432,599 Points 10 Featured Posts Outside Blog

Joan, this is information important to all Seniors. I appreciate the variety of useful topics you use in your posts. Thanks for sharing.
4:21am • #16
JUL
28
956,259 Points 53 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

This is very important for our seniors living off a fixed income, and glad to see it enacted once again.
7:25pm • #17


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Joan Cox, Denver Real Estate-720-231-6373

Denver, CO

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