Property Tax Exemption for Senior Citizens and Veterans with a Disability Senior Citizens in Colorado Property Tax Exemption
The senior property tax exemption is available to senior citizens and the surviving spouses of senior citizens. The state reimburses the local governments for the loss in revenue. When the State of Colorado’s budget allows, 50 percent of the first $200,000 of the actual value of the qualified applicant’s primary residence is exempted.
Applications for the property tax exemption must be mailed or delivered to your county assessor’s office. Applications should not be returned to the Division of Property Taxation. Applications sent to the incorrect address or agency may delay or cause problems with processing your application.
Good Neighbor Fund (GNF)
To be eligible for consideration, applicants must currently live in San Miguel County, Ouray County, or the West End of Montrose County and have done so for the past two years; demonstrate that they have exhausted all other resources; show that they can maintain financial stability outside this non-recurring and unexpected crisis to remain living in the defined region; and have not received a GNF grant in the past 365 days.