Seniors, vets qualify for reduced property tax

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.

Qualify for senior citizen exemption
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 Jan. 1, 2017.
—Be the current owner of record and listed as the owner of record for at least 10 consecutive years prior to Jan. 1, 2017.
—Occupy the property as his/her primary residence and must have done so for at least 10 consecutive years prior to Jan. 1, 2017.
 

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