Senior Property Tax and Disabled Veterans exemptions

Senior Property Tax and Disabled Veterans exemptions

Senior Property Tax Exemption
The Senior Citizen and Disabled Veteran Property Tax Exemptions currently existing in the Colorado Revised Statues allows for those who qualify, 50 percent of the first $200,000 in actual value of their primary residence to be exempted from property tax. Under the authority provided to the General Assembly by the Colorado Constitution, the exemption amount can be changed or eliminated. In May 2010, Senate Bill 10-190 was adopted. The bill suspends the senior exemption benefit for tax years 2010 and 2011 (taxes payable in 2011 and 2012). Tax statements mailed in 2011 and 2012 for qualifying seniors will be for the full tax amount. The disabled veteran exemption remains in place.
The Assessor's Office will continue to process new applications.

Disabled Veterans Exemption Amendment
The Disabled Veterans Exemption Amendment was passed November 2006. The amendment was an expansion to the senior property tax exemption by including “qualifying disabled veterans”. Qualified disabled veterans will receive a 50% exemption on the first $200,000 of actual value on their 2007 tax bill payable in 2008 for their primary residence.

The deadline for filing an application to the Colorado Department of Military and Veterans Affairs, Division of Veterans Affairs is July 1 of the year in which the exemption is requested.

For instructions, eligibility requirements and an application please visit the web site at:

http://www.dmva.state.co.us/viewpage.php?UGFnZUlEPTQz

Completed applications must be submitted to:
Colorado Department of Military and Veterans Affairs
Division of Veterans Affairs
7465 E. 1^st Ave., Suite C
Denver, CO 80230
Fax: 303-343-7238

Contact the Colorado Division of Veterans Affairs at 303-343-1268 or Division of Property Taxation at 303-866-2371 for questions.

Senior Citizens Exemption Forms