Assessor Steve Schleiker Discusses SB 20-049

Senior Property Tax Exemption Medical Necessity

Concerning the preservation of the senior property tax exemption of a senior who changes primary residences due to medical necessity.

BILL SUMMARY

The bill specifies that for property tax years commencing on or after January 1, 2021, a senior is deemed to be a 10-year owner-occupier of a primary residence that the senior has owned and occupied for less than 10 years and therefore qualifies for the senior property tax exemption for the residence if:

  • The senior would have qualified for the senior property tax exemption for the senior’s former primary residence but for the fact that medical necessity required the senior to stop occupying the former primary residence;
  • The senior has not previously received the exemption for a former primary residence on the basis of medical necessity; and
  • The senior has not owned and occupied another primary residence since the senior first stopped occupying his or her former primary residence due to medical necessity.

“Medical necessity” is defined as a medical condition of a senior that a physician licensed to practice medicine in Colorado has certified, on a form developed by the state property tax administrator, as having required the senior to stop occupying the senior’s prior primary residence.

When applying for such an exemption, a senior must provide the form establishing proof of medical necessity.