Senior tax exemption deadline approaching
Courtesy photo
Douglas County taxpayers who are 65 or older as of January 1 may qualify for a senior property tax exemption. The application deadline is Tuesday, July 15.
The partial tax exemption for senior citizens was created for qualifying seniors as well as the surviving spouses of seniors who previously qualified. As of January 1, taxpayer must be 65 years or older and must be the property owner of record and must have been so for at least 10 consecutive years as his or her primary residence. The exemption reduces the actual taxable value of qualified residential property by 50 percent of the first $200,000 of taxable value. The state of Colorado is responsible for reimbursing local taxing entities for lost revenue. Once approved, the exemption remains in place until there is a change in ownership.
An applicant or married couple can apply for the exemption on only one property. That property must be his or her primary residence. Married couples and individuals who apply for the exemption on multiple properties will be denied the exemption on all properties.
To fill out the application or learn more, visit douglas.co.us and search “senior exemptions.”
Information provided by Douglas County
