Windsor Life
Page 6
Colorado Property Tax
Exemption for Seniors
Application Deadline: July 15
A property tax exemption is
available to qualifying seniors
and the surviving spouses of
seniors who previously qualified.
For those who qualify, 50
percent of the first $200,000 of
actual value of the applicant’s
primary residence is exempted.
Eligibility requirements:
1) the qualifying senior must be
at least 65 years old on January
1 of the year in which he or she
qualifies;
2) the qualifying senior must be
the property owner of record for
at least ten consecutive years
prior to January 1; and
3) the qualifying senior must
occupy the property as his or
her primary residence, and
must have done so for at least
ten consecutive years prior to
January 1.
If you meet the above criteria,
you may apply using a Short
Form Application. However, if
you are a surviving spouse of an
eligible person, or if your spouse
is the owner but you qualify, or
if the property is owned by an
estate planned trust, you must
apply using the Long Form
Application. Applications are
available
in the Association
office and
online at
/
denvergov/en/assessors-office/
senior-tax-exemption.html
Applications must be submitted
to your county assessor’s office
by July 15 of the year for which
the exemption is requested.
If you already applied for this
exemption
in a prior
year and
w e r e
approved,
you
do
not need
to apply
again.
Colorado
Property Tax Deferral
Application Deadline: April 1
The Property Tax Deferral
programhelpsmilitary personnel
and seniors, many of whom live
on a fixed income, continue to
afford to living in their home by
deferring the payment of their
property taxes.
The State Treasurer’s office
makes tax payments directly
to the county on behalf of the
participant for the tax amount
due. The loan is logged as a
lien against the participant’s
property that does not have to
be remitted until the participant
no longer qualifies to defer their
property taxes.
Those who qualify must file an
application with their respective
county
treasurer
between
January 1st andApril 1st of each
year. Applications are available
online at:
www. co l orado . gov / pac i f i c /
treasury/senior-and-veteran-
property-tax-programs
Eligibility requirements:
Applicant must be a senior
who is 65 years or older or
a person called into military
service pursuant to CRS 39-
3.5-101 (1.8), on January 1 of
the year in which the person
files a claim.
All prior years’ property taxes
must be paid.
Applicant must own and
occupy the property as their
primary
residence.
The
property cannot be income-
producing.
The total value of liens against
the property (mortgages,
deferrals, and/or deeds of
trust) cannot exceed 100% of
the assessed market value.
Mortgage lender agrees that
the state’s interest in the
property would take priority
over all other interests.
Colorado Property
Tax/ Rent/ Heat
Credit Rebate
Application Deadlines:
For a 2014 rebate applicants
may file a claimuntil December
31, 2016.
For a 2015 rebate applicants
may file a claimuntil December
31, 2017.
If you are a full-year Colorado
resident, 65 years of age or
older, or a surviving spouse
58 years of age or older, OR
disabled, regardless of age --
you may qualify for the Property
Tax/Rent/Heat Credit rebate,
also known as the “PTC” rebate.
The actual rebate total is based
on the applicant’s income and
expenses.
Eligibility requirements:
• Resided in Colorado the entire
year.
• Are lawfully present in the
United States. Complete
the lawful presence affidavit
contained in the PTC rebate
application booklet.
• Income levels for single and
married persons change each
year. See the PTC rebate
application booklet. You have
two years after the end of a
calendar year to apply for the
rebate.
• You (either husband or wife)
are 65 or older by Dec. 31, or
are a surviving spouse at least
58 years old by Dec. 31.
OR
You were disabled for the
entire year, regardless of age.
Denver Seniors and
Disabled Refund
Payment
Application Deadline:
For taxyear2014, applications
will be accepted from May 1,
2015, through April 30, 2016.
For
tax
year
2015,
applications will be accepted
between May 1, 2016 and
April 30, 2017.
The Seniors and Disabled
refund payment provides a
partial refund of property taxes,
or the equivalent in rent, paid
by Denver residents who are
65 years of age or older and
are income limited or totally
disabled. This refund is a gift
and, therefore, there is no lien
attached to the property.
Eligibility requirements:
• Seniors, aged 65 or above
and disabled persons are
eligible for this refund.
• You must have been a Denver
resident during the entire
calendar year for which the
application is being made.
• Only one spouse needs to be
65 years or older to qualify
• The applicants must qualify
based on residency and age
OR total disability.
• The maximum amount an
applicant can receive is
based on income.
Income for the calendar year
2014 must not exceed $15,900
for single persons or $23,000
for married couples.
First time applicants can pick
up applications after May 1st at
4 Ways to Soften the Blow of the Property Tax Increases
Colorado Property Tax Deferral
continued page 31
Property Tax/Rent/Heat Rebate
continued on page 31
Denver Refund Payment
continued page 31
