Exemptions (Senior Citizen and Disabled Veterans)


Senior Citizen Exemptions

NOTE: The General Assembly may eliminate the funding for the Senior Citizen Exemption or Disabled Veteran Exemption in any year in which the budget does not allow for the reimbursement.  Both exemptions were allowed for 2014 payable in 2015.  Future years have not yet been determined.

Qualified senior citizens are entitled to an exemption equal to 50 percent of the first $200,000 of actual value of the qualified applicant’s primary residence when the State legislature funds the exemption. 

Qualified seniors must meet the following requirements:

    • The applicant is at least 65 years old on January 1 of the year in which he/she applies;
    • The applicant or his/her spouse is the property owner of record and has owned the property for at least 10
       consecutive years prior to January 1;
    • The applicant occupies the property as his/her primary residence, and has done so for at least 10 consecutive
       years prior to January 1

The exemption is available on only ONE property. Legally married individuals may only have ONE property exemption together.

If the senior(s) also qualifies for a disabled veteran’s exemption, the senior(s) will only be entitled to ONE property exemption.

Short Form - is used by most qualifying seniors, please click here


Surviving spouses of eligible senior citizens may also qualify for exemptions, provided that the surviving spouse meets the following requirements:
    
    • The surviving spouse was legally married to a senior citizen who met the age, occupancy and ownership
       requirements on any January 1 since
       January 1, 2002; and
    • The surviving spouse has not remarried;
    • The surviving spouse occupied the residential property with the eligible senior citizen as his or her primary
       residence and still occupies the same property.

Long Form - is used by either surviving spouses of previously qualified applicants or for those properties held in a trust, please click here


Exceptions to Basic Requirements:

An applicant may still qualify if the preceding ownership and/or occupancy requirements cannot be met due to any of the following reasons:

    • Title to the property is held in a trust, a corporate partnership or other legal entity solely for estate planning purposes. The maker of the trust must be the
       qualifying senior or the spouse of the qualifying senior
    • The qualifying senior, spouse, or surviving spouse is/was confined to a hospital, nursing home, or assisted living facility
    • The prior home was condemned in an eminent domain proceeding by a governmental entity, or it was sold to a governmental entity upon threat of
       condemnation by eminent domain.

APPLICATIONS

Please contact the Assessor’s Office for an application. Applications are due on or before July 15 of the year for which exemption is requested. Late applications are accepted until September 15.

For more information, please click here for a copy of the State brochure.


Disabled Veterans Exemptions

Disabled veterans are entitled to an exemption equal to 50 percent of the first $200,000 of actual value of the qualified applicant’s primary residence.

Qualified disabled veterans must meet the following requirements:

     • Served on active duty in the U.S. armed forces
     • An individual who was honorably discharged
     • An individual who sustained a service-connected disability that has been rated by the U.S. Department of Veterans Affairs as 100% “permanent and total.”
       VA unemployment ability awards do not meet the requirement for determining an applicant’s eligibility.

The veteran must own the property and must have been an owner of record since January 1 of the year of application.

If the veteran’s spouse owns the property, the veteran may meet the ownership requirement if the couple was married on or before January 1 and both have occupied the property as their primary residence since January 1.

In 2014 Colorado's legislature expanded the Disabled Veterans Property Tax Exemption to include the surviving spouse of a prequalifying disabled veteran.  The surviving spouse must be the owner-occupier of the residence of a qualifying disabled veteran who previously received the exemption and who passed away.

Surviving Spouses of eligible Disabled Veterans may also qualify for exemptions, provided that the surviving spouse meets the following requirements:
    • The applicant must be the owner-occupier of the property
    • The applicant must be the surviving spouse of a veteran who passed away prior to January 1 of the current year.
    • The veteran to whom the applicant was married must have applied for and been granted the disabled veterans property tax exemption as provided by
      § 39-3-203(1.5)(a), C.R.S., prior to his or her death.

Property Tax Exemption for the surviving spouse of a previously qualified Disabled Veteran, please click here

If the property is owned by a trust, corporate partnership, or other legal entity, the veteran will meet the ownership requirement if each of the following items is true:

    • The veteran or spouse is a maker of the trust or a principal of the corporate partnership or legal entity
    • The property was transferred solely for estate planning purposes
    • The veteran or spouse would otherwise be the owner of record

If the disabled veteran also qualifies for a senior citizen’s exemption, the disabled veteran will only be entitled to ONE property exemption.

APPLICATIONS

Applications are available from the Colorado Department of Military and Veterans Affairs, Division of Veterans Affairs.  Click here for applications or Division of Property Taxations website.

Application - Property Tax Exemption for qualifying Disabled Veteran.  Click here for application

Application  - Property Tax Exemption for Surviving Spouse of a qualifying Disabled Veteran.  Click here for application

Applications must be postmarked or delivered to the Division of Veterans Affairs by July 1 of the year in which the exemption is requested. Late applications may be accepted through September 1 if the applicant can show good cause for missing the July 1 deadline.

For more information, please click here for a copy of the State brochure.