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If you sustained a service-connected disability while serving on active duty in the Armed Forces of the United States, the United States Department of Veterans Affairs rated your service-connected disability as one hundred percent permanent and total, and you have owned and occupied the property as your primary residence since at least January 1 of the year of application, you probably qualify. However, there are additional qualifications and exceptions for certain situations. For more details on eligibility, please visit our Disabled Veteran Property Tax Exemption webpage.
If you are at least 65 years old on January 1 of the year in which you hope to qualify and have owned and occupied the property as your primary residence for at least ten years prior to January 1, you probably qualify. However, there are additional qualifications and exceptions for certain situations. For more details on eligibility, please visit our Senior Property Tax Exemption webpage.
To apply, please submit your application by July 1 of the year in which you hope to gain the exemption to the Colorado Division of Veterans Affairs. The application is available from the Colorado Division of Veterans Affairs, which can be contacted at:
Colorado Department of Military and Veterans AffairsDivision of Veterans Affairs1355 South Colorado Blvd. Bldg. C Ste 113Denver, CO 80222
Colorado Division of Veterans Affairs Property Tax Exemption Website
To apply for the Senior Property Tax Exemption, you must fill out the application and return it to the Assessor’s Office by July 15 of the first year for which you hope to receive the exemption. For more detailed instructions and to download the application, please visit our Senior Property Tax Exemption webpage.
As of 2020, the actual value of the property is reduced by 50 percent of the first $200,000 of value. For example:
Probably not, but maybe. In general, the exemption automatically carries over from year to year, so most people will only have to apply once; however, if the original applicant dies, their spouse must re-apply to keep the exemption. In addition, if there is a change in ownership, for example if the property was transferred to a trust or other legal entity, the applicant must reapply.
To calculate the amount of the reduction for your property: