Homestead Exemption for Seniors May Be Victim of State Budget Cuts

More than 200,000 Colorado seniors who have lived in their own homes for ten years or more and who are over age 65 take advantage of the Senior Homestead Exemption.  This voter approved referendum in 2000 gives seniors a 50% exemption on the first $200,000 of residential property’s market value. In 2002, approximately 120,000 seniors took advantage of the Homestead …