Senior and Veteran Exemptions
A property tax exemption is available to senior citizens, surviving spouses
of senior citizens, and disabled veterans. For those who qualify, 50 percent of
the first $200,000 in actual value of their primary residence is exempted. The
state pays the exempted portion of the property tax. Once approved, the
exemption remains in effect for future years, and the applicant should not
reapply. Application requirements are as follows.
SENIOR EXEMPTION
The exemption is available to applicants who: a) are at least 65 years of age
as of January 1 of the year of application, b) owned their home for at least 10
years as of January 1, and c) occupied it as their primary residence for at
least 10 years as of January 1. Limited exceptions to the ownership and
occupancy requirements are detailed in the qualifications section of the
application. The senior citizen exemption is also available to surviving spouses
of senior citizens who met the requirements on any January 1 after 2001. The
application deadline is July 15. The application form is available and must be
submitted to the county assessor at the following address:
- Teller County Assessor
- Tom King
- PO Box 1008
- Cripple Creek, CO 80813
DISABLED VETERAN EXEMPTION
The exemption is available to applicants who: a) sustained a
service-connected disability while serving on active duty in the Armed Forces of
the United States b) were honorably discharged, and c) were rated by the United
States Department of Veterans Affairs as one hundred percent “permanent and
total” disabled. VA un-employability awards do not meet the requirement for
determining an applicant’s eligibility. The applicant must have owned and
occupied the home as his or her primary residence since January 1 of the year of
application; however, limited exceptions to the ownership and occupancy
requirements are detailed in the eligibility requirements section of the
application. The application deadline is July 1. Application forms are available
from the Division of Veterans Affairs at the address and telephone number shown
below and from the website of the
Colorado Division of
Property Taxation. Completed applications must be submitted to the Colorado
Division of Veterans Affairs at the following address:
- Division of Veterans Affairs
- 7465 E. 1st Avenue, Suite C
- Denver, Colorado 80230
- Telephone: 303 343-1268 Fax: 303 343-7238
Colorado Department of Military and Veterans Affairs