Did you know that if you are over 65 years old and have lived in your home for 10 years or more that you are qualified for a reduction in property taxes?
A property tax exemption is available for citizens who are 65 or older, and who have owned and lived in their home (as their primary residence) for at least 10 years prior to January 1 of the year in which he or she applies. The Colorado legislature, not the City and County of Denver, controls the amount of the exemption, and all citizens who have been approved for the exemption in 2018 or in any prior year should see a reduction in the property tax bill they receive in January, 2019.
The application must be filed by July 15 of the year for which exemption is requested. Filing will be considered timely if the application is postmarked no later than July 15. Under no circumstance will an exemption be allowed for any property taxes assessed prior to the year in which the qualified individual first files an exemption application. The 2017 Senior Tax Exemption deadline has passed. We will begin accepting applications for the 2018 tax year beginning January 1st.
Visit the Denver Assessor’s Office website for more information.