Get the free Colorado Senior Property Tax Homestead Exemption

This document provides information about the property tax exemption available to qualifying senior citizens and the surviving spouses of seniors who have previously qualified, outlining the requirements

How to fill out colorado senior property tax

How to fill out Colorado Senior Property Tax Homestead Exemption

1. Determine eligibility: Ensure you meet the age requirement (65 years or older) and residency rule (must have owned and occupied the property for at least one full year).
2. Obtain Form DR ier: Download or request the Colorado Senior Property Tax Homestead Exemption application form (DR 105) from the Colorado Department of Revenue site.
3. Fill out personal information: Complete your name, social security number, date of birth, and address of the property for which you are claiming the exemption.
4. Provide property details: Indicate the type of property (single-family home, condo, etc.) and ensure it is your primary residence.
5. Sign the application: After reviewing the information for accuracy, sign and date the application.
6. Submit the application: Send the completed form to your county assessor's office by the designated deadline, usually by July 15th.

Who needs Colorado Senior Property Tax Homestead Exemption?

1. Senior citizens aged 65 or older who meet certain residency and ownership requirements.
2. Homeowners who are struggling financially and need tax relief on their property taxes.
3. Individuals who live in Colorado and wish to reduce their property tax burden.

People Also Ask about

Who is eligible for the senior housing income tax credit in Colorado?

Full-time single Colorado residents age 65 in 2024, making less than $25,000 may be eligible for the Senior Housing Income Tax Credit which may be as much as $800. Renters, homeowners, and assisted living and nursing homes residents, are eligible.

Who is exempt from property taxes in Colorado?

The Colorado Constitution establishes a property tax exemption for senior citizens, surviving spouses of senior citizens, disabled veterans and gold star spouses. For those who qualify, 50 percent of the first $200,000 in actual value of their primary residence is exempted.

What is the Colorado rebate for seniors?

Coloradoans over 65 can receive up to a $1000 Senior Income Tax Credit if they have less than $25,000 annual income. Individuals earning up to $75,000 are also eligible for the Senior Income Income Tax Credit, if they do not receive the Senior Property Tax Exemption. Form must be filed by April 15, 2023.

At what age do seniors stop paying property taxes in Colorado?

Eligibility Requirements The applicant is at least 65 years old on January 1 of the year in which he/she applies; and.

Who qualifies for property tax exemption in Colorado?

The Colorado Constitution establishes a property tax exemption for senior citizens, surviving spouses of senior citizens, disabled veterans and gold star spouses. For those who qualify, 50 percent of the first $200,000 in actual value of their primary residence is exempted.

What is the new property tax law in Colorado?

For property tax year 2025, residential property is assessed at 7.05% for schools and 6.25% for local governments. 2025 residential assessment rates are assuming a 2024 to 2025 statewide actual value growth of less than or equal to 5%.

For pdfFiller’s FAQs

What is Colorado Senior Property Tax Homestead Exemption?

The Colorado Senior Property Tax Homestead Exemption is a program that provides a property tax exemption for eligible seniors, allowing them to reduce their property tax burden on their primary residence.

Who is required to file Colorado Senior Property Tax Homestead Exemption?

Seniors aged 65 or older who are homeowners and occupy their property as their primary residence are required to file for the Colorado Senior Property Tax Homestead Exemption.

How to fill out Colorado Senior Property Tax Homestead Exemption?

To fill out the Colorado Senior Property Tax Homestead Exemption, applicants must complete the designated application form available from their county assessor, provide proof of age and residency, and submit the form by the deadline set by the county.

What is the purpose of Colorado Senior Property Tax Homestead Exemption?

The purpose of the Colorado Senior Property Tax Homestead Exemption is to assist senior citizens in managing their property taxes, making housing more affordable and helping them remain in their homes.

What information must be reported on Colorado Senior Property Tax Homestead Exemption?

Applicants must report their name, address, date of birth, proof of ownership of the property, and verification of primary residence when applying for the Colorado Senior Property Tax Homestead Exemption.