Colorado Probate Blog - Wade Ash Woods Hill & Farley, P.C.

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Colorado Senior Property Tax Exemption

In 2000, Colorado voters amended the state constitution creating a property tax exemption for seniors.

To qualify for this exemption, individuals as of January 1st, must meet three requirements. First, they must be 65 or older. Second, they must have been the property owner of record for at least ten years. Finally, the property must have been their primary residence, again for at least ten years. 

For those who qualify, 50 percent of the first $200,000 of value of their primary residence will be exempted from property taxes. Instead, the state will pay the property taxes on the exempted value. 

Once the exemption has been granted, individuals do not need to reapply, and the exemption will remain until the property is sold or no longer serves as the individual’s primary residence. 

Surviving spouses of qualifying seniors may also be eligible for this exemption, provided they meet a few criteria. First, as of January 1st, their spouse met the age, ownership, and occupancy requirements necessary to qualify for the exemption. Second, the surviving spouse currently occupies the property as their primary residence and did so with their spouse. Finally, the property must have been owned by the spouse and/or surviving spouse for at least 10 consecutive years prior to January 1st. If the spouse passed prior to January 1st, then the surviving spouse can still qualify as long as the spouse qualified any year after 2002. 

In 2006, Coloradans decided to expand this exemption to also include disabled veterans. Individuals will qualify for this exemption if they have a 100 percent permanent and total disability rating from the U.S. Department of Veterans affairs that was a result of a service-connected disability. Additionally, the veteran must also have owned and occupied the property since January 1st of the current year. This includes members of the National Guard and Reserves who were injured during a period of active duty. 

The application deadline for the senior citizen exemption is July 15, 2022. The deadline to apply for the disabled veteran exemption is July 1, 2022. 

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