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Arapahoe County News

Posted on: March 9, 2020

What to know about the senior tax exemption

Two seniors looking at a magazine

As April 15 nears, you’re probably gathering your tax documents and receipts, and setting up appointments with your tax preparer. Although this can be a stressful time of year for any taxpayer, seniors (and disabled veterans) should be aware that tax season also presents certain benefits.

In 2000, state voters passed the Colorado Senior Property Tax Exemption. This is a state-funded program that every county administers. Taxpayers who are at least 65 years old on January 1 of the qualifying year, who have owned or co-owned their residential property and have used the property as their primary residence for at least the previous 10 years (as of January 1), can exempt 50 percent of the first $200,000 of their property’s actual value. Applicants can apply for this exemption on only one property. The exemption is also available for veterans who are 100 percent disabled, regardless of their age or how long they’ve owned their primary residence.

“As the cost of living continues to rise, these burdens tend to hit seniors and retirees on fixed incomes harder than others,” said Arapahoe County Treasurer Sue Sandstrom. “We want to make sure that Arapahoe County’s seniors can take advantage of the full benefits they’ve earned by being longtime property owners and residents.”

For more information about this exemption, visit our Senior Citizen Property Tax Exemption page.

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