In 2006, Colorado voters approved Referendum #E, amending Section 3.5 of Article X of the Colorado Constitution.
The amendment and subsequent legislation expanded the Senior Property Tax Exemption, to include “qualifying disabled veterans.”
For disabled veterans who qualify, 50 percent of the first $200,000 of actual value of the veteran’s primary residence is exempted. The State will reimburse the County Treasurer for the lost revenue. The exemption is effective January 1, 2007 on property tax bills sent beginning in 2008. Owners of multiple residences may only designate one property as their primary residence.
Qualifying veterans are those who have a one hundred percent permanent and total disability rating from the U.S. Department of Veterans Affairs as a result of a service-connected disability and who have owned and occupied the property as their primary residence since January 1.
THE FILING DEADLINE IS JULY 2