Colorado Senior Property Tax Exemption (Homestead Exemption)

What is the Senior Property Tax Exemption?

The Colorado Senior Property Tax Exemption (also known as the Homestead Exemption) is a program to to permanently exempt seniors who have lived in their homes for at least ten (10) years from some property taxes due to the county. Similar exemptions are available to disabled veterans and their surviving Gold Star spouses of any age.

The exemption programs are different than the Colorado Senior Property Tax Deferral program, which provides temporary assistance with property taxes and does not require a minimum length of residence in the home. Taxes on exempted properties are reduced by 50% on the first $200,000 of assessed value on the property.

Who is eligible for the Senior Property Tax Exemption?

Colorado seniors are eligible for a property tax exemption if they are:

  • At least 65 years old on January 1, and
  • Own and occupy the home, and
  • Have been the primary occupant for at least ten consecutive years prior to January 1.

The property need only be declared exempt once and that declaration will carry forward every year.

How to apply for the Senior Property Tax Exemption

If you meet the criteria above, you may apply using a Short Form Application. However, if you are a surviving spouse of an eligible person, or if your spouse is the owner but you qualify, or if the property is owned by an estate planned trust, you must apply using the Long Form Application. Applications must be submitted to your county assessor’s office.

Need help with the Senior Property Tax Exemption?

If you need assistance with the form or would like more information, please call 303-333-3482.