A property tax exemption is available for senior Colorado residents or surviving spouses, provided they meet the requirements. You must apply by July 15 of the year in which you seek an exemption. Applications postmarked by July 15 are valid, but you have to wait for January 2 of the following year if you miss this cut-off. Additionally, exemptions are only considered for the year in which you apply, not for previous years.
If you have been approved for the exemption in a prior year, you don't need to apply again. But you must report any changes in property ownership or occupancy within 60 days of the change.
To be eligible, you must:
- Be aged 65 or older before January 1 of the year you apply
- Have owned and lived in your home (as your primary residence) for at least ten consecutive years
Please get in touch with us if you have any questions.