Seniors & Disabled Veterans

Senior Tax Exemption

History

In 2000, voters amended the Colorado Constitution with the adoption of Section 3.5 of Article X.  The exemption was effective January 1, 2002 and the exemption affected property taxes billed in 2003. 

For those who qualify, 50 percent of the first $200,000 of actual value of the property is exempted. The state will pay the exempted property tax.

Qualifying Individuals

All qualifying individuals are encouraged to apply for the senior exemption regardless of state funding.

• Qualifying seniors
  • Must be at least 65 years old on January 1 of the year in which he/she qualifies
  • Must be the owner of record, and must have been the owner of record for at least ten consecutive years prior to January 1
  • Must occupy the property as his/her primary residence, and must have done so for at least ten consecutive years prior to January 1. If you own multiple residences, only one can be designated as your primary residence.
• The surviving spouses of seniors who previously qualified.

Disabled Veterans Tax Exemption In 2006, Colorado voters approved Referendum E, amending section 3.5 of article X of the Colorado Constitution. The amendment and subsequent legislation expanded the senior property tax exemption to include "qualifying disabled veterans." For disabled veterans who qualify, 50 percent of the first $200,000 of actual value of the veteran’s primary residence is exempted. The state will reimburse the county treasurer for the lost revenue. Owners of multiple residences may only designate one property as their primary residence.