“The Colorado Constitution establishes a property tax exemption for senior citizens and disabled veterans. For those who qualify, 50 percent of the first $200,000 in actual value of the primary residence is exempted from property tax. The State of Colorado pays the property taxes on the exempted value. Qualifying seniors are urged to submit applications if they have not yet done so.
SENIOR CITIZEN EXEMPTION:
Basic Qualifications- Generally, each of the following statements must be true to qualify for the senior citizen exemption. The qualifying senior:
* Must be at least 65 years old on January 1 of the year the application is filed; and
* Must be the current owner of record, and listed as the owner of record for at least 10 consecutive years prior to January 1; and
* Must occupy the property as his/her primary residence, and must have done so for at least 10 consecutive years prior to January 1.
Exceptions to Basic Qualifications- The applicant may still qualify if one or more of the following statements are true:
How to Apply- To apply, you must complete the appropriate application form and return it to the assessor by July 16. The assessor must accept late applications until August 15. The “Short Form” application may be used by qualifying senior citizens who meet each of the basic qualifications. The “Long Form” application must be used by applicants who satisfy one or more of the exemptions to the basic qualifications. If you would like to receive an application form or a brochure that explains the senior citizen exemption in greater detail, or if you have any questions regarding the exemption, please call the assessor’s office at (719) 589-6365.”
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Valley Courier 14 March 2018.