The Senior Property Tax Exemption for senior citizens was created for qualifying seniors and the surviving spouses of seniors who previously qualified. Taxpayers 65 years and older as of January 1st, who have owned and occupied the property as their primary residence for at least 10 consecutive years may qualify for the Senior Exemption.
The exemption reduces the actual taxable value of qualified residential property by 50 percent of the 1st $200,000 of taxable value. The state is responsible for reimbursing the County Treasurer for the lost revenue. 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.
Colorado Property Tax/Rent/Heat Rebate Program
Seniors age 65 and over and disabled persons are eligible for a Colorado property tax/rent/heat rebate if their income is less than $11,000 for individuals or $14,700 for couples. The amount of the rebate depends upon the amount of heat and rent/property taxes that were paid in the previous year. To receive this rebate, complete the form (see below) and return to the Colorado Department of Revenue by Dec. 31.
Qualified applicants can receive a rebate of up to $600 of the property tax and $192 of their heating expenses paid during the year, either directly or as part of their rent payments, by filing the Property Tax/Rent/Heat Rebate Application available below.
Colorado Property Tax Deferrals
The State Treasurer’s Elderly Property Tax Deferral helps senior citizens, many of whom live on a fixed income, continue to afford to live in their own home. The program loans senior citizens, 65 years of age or older, funds to pay their property taxes.
The State Treasury makes tax payments directly to the county on behalf of the participant for the entire amount due that year. The loan is logged as a lien against the participant’s property that does not have to be remitted until the property sells or the mortgage changes hands.
To participate, seniors must apply to their individual County Treasurer every year before April 1. See further information about the Property Tax Deferral below.
Brochure explaining eligibility requirements and filing deadlines for Senior Property Tax Exemption.
Which Form Should I Use?
Brochure describing the qualifications and filing requirements for both the short and long application forms for the Senior Exemption.
- Senior Exemption Short Form
Taxpayers 65 years and older as of January 1st, who have owned their property for at least 10 consecutive years and occupy the property as their primary residence.
- Senior Exemption Short Form Instructions
Instructions for completing Senior Exemption Short Form.
Senior Exemption Long Form
Senior Exemption Application form for applicants confined to a nursing home, surviving spouses or whose property is owned by a trust or corporation.
Long Form Senior Exemption Instruction
Instructions for Senior Exemption Application form for applicants confined to a nursing home, surviving spouses or whose property is owned by a trust or corporation.
- Rebates and Deferrals for the Elderly or Disabled in Colorado
Rebates and Deferrals for the Elderly or Disabled in Colorado.