In the November 2000 election, Colorado voters passed a Property Tax Exemption for seniors, known as Referendum A. Qualifying seniors will see 50 percent of the first $200,000 of actual value of their primary residence exempted from property tax.
To qualify, at least one owner of a home must be 65 years or older as of Jan. 1 and must have occupied the home as a primary residence for at least 10 consecutive years prior to Jan. 1 of the year he/she applies.
Following a three-year suspension, Colorado’s property tax exemption for seniors has been reinstated by the State Legislature. State lawmakers suspended the voter-approved Senior Property Tax Homestead Exemption program for tax year 2009 payable 2010, due to state budget shortfalls, but restored it during the 2012 General Session for tax year 2012, payable 2013.
Filing deadline for Senior Citizen Exemption (short and long forms) for tax year 2017 is Aug. 15, 2017. Late applications will not be accepted. Applications will be available Jan. 1, 2018.