Senior Property Tax Exemptions

The Senior Property Tax Exemption may reduce the property taxes on your primary residence if you qualify. When funded by the State of Colorado, the exemption reduces the taxable value of your home by exempting up to 50% of the first $200,000 of its market value. If funding is not available, eligible homeowners are still encouraged to apply so they can be considered if funding is restored.

General Information

The Colorado General Assembly has reinstated funding for the Senior Property Tax Exemption (a/k/a Senior Homestead Exemption) for tax year 2026, payable in 2027. In November 2000, Referendum A, also known as the Senior Homestead Exemption Act, was approved as an addition to the Colorado Constitution. The Act took effect as of January 1, 2002, for property taxes payable in 2003 and will remain in effect every year hereafter.

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Senior Property Tax Exemption

The Act grants an exemption (reduction) up to one-half of the first $200,000 in market value from property taxes for a qualifying residential owner, if funding is available. If the program is not funded, but you meet the qualifications, you are encouraged to apply and be placed in the system for future funding. For qualifying seniors, this exemption reduces the property tax on the primary residence by exempting 50% of the first $200,000 in market value. For example:

If your primary residence has a market value of $200,000, the first $100,000 will be exempt from taxation. If your primary residence has a market value of $175,000, the first $87,500 will be exempt from taxation, etc.

If you have previously applied and been approved for participation in the Senior Exemption Program, you need take no further action. Your initial application is still active. For those who have not previously applied for this program, applications may be submitted if you meet the following criteria:

The qualifying senior must be at least 65 years of age as of January 1 the year application is made. The qualifying senior must have been the owner of record of the property for at least ten consecutive years prior to January 1 in the year of application. 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 in the year application is made.