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Colorado Senior Property Tax Exemption |
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| In 2000, voters amended the Colorado Constitution with the adoption of Section 3.5 of Article X. The amendment, and subsequent legislation, created a property tax exemption for two groups of people: a) qualifying seniors and b) the surviving spouses of seniors who previously qualified. The three basic requirements are: 1) the qualifying senior must be at least 65 years old on January 1 of the year in which he/she qualifies; 2) the qualifying senior must be the owner of record, and must have been the owner of record for at least ten consecutive years prior to January 1; 3) the qualifying senior must occupy the property as his/her primary residence, and must have done so for at least ten consecutive years prior to January 1. For those who qualify, 50 percent of the first $200,000 of actual value of the property is exempted. The state will pay the exempted property tax. The exemption is effective January 1, 2003 and the exemption affects property taxes billed in 2004. If you own multiple residences, only one can be designated as your primary residence. Two application forms have been created for the exemption. The "Short Form" is intended for qualifying seniors that meet each of the requirements stated above. The "Long Form" must be used by individuals applying under the surviving spouse option and for applicants applying as the qualifying senior who fall within certain exceptions to the occupancy and ownership requirements. The application deadline for either form is July 15, of the year for which you are seeking exemption. The exemption must be applied for only once, and it remains if effect for subsequent years as long as the property ownership and occupancy do not change. For the "Short Form" application please click here <2004shortform.pdf>~ You must have Acrobat Reader <http://www.adobe.com/products/acrobat/readstep2.html> to view this document. For the "Long Form" application, please contact the Assessors office at 303-654-6038.
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MTG Brokers
Corp. conducts business as a COMMERCIAL Mortgage Broker throughout the U.S.A.
(All 50 States) including Loan Origination, Processing, and Commercial Financing
Consultation
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MTG Brokers Corp. conducts business as a RESIDENTIAL Mortgage Broker in Colorado
that can also
originate Residential financing in the following States under the license of
an affiliated mortgage contractor:
Alabama, Alaska, Arkansas, Arizona---Pending, California,
Colorado, Connecticut, District Of Columbia, Delaware,
Florida, Georgia, Idaho, Illinois---Submitted & Pending, Kansas---Submitted
& Pending, Louisiana---Pending, Maine,
Maryland, Massachusetts, Missouri, Michigan *--- 2nd Mortgage Submitted &
Pending, Nevada, New Hampshire *,
New Jersey *--- 2nd Mortgage Submitted & Pending, New Mexico, New
York, North Carolina, Ohio, Pennsylvania,
Rhode Island--- Submitted & Pending, South Carolina--- Submitted
& Pending, Tennessee, Texas, Vermont,
Virginia, Washington--- Submitted & Pending
AL,AK,AR,CA,CO,CT,DE,FL,GA,ID,ME,MD,MA,MO,MI*,NV,NH*,NJ*,NM,NY,NC,OH,PA,TN,TX,VT,VA.
* We Are Not Licensed For Residential 2nd Mortgages