Colorado residents 65 years of age or
may defer or postpone the payment of property taxes on their residence.
You must meet ALL of the following eligibility requirements each
time you apply for the Property Tax Deferral. This is done through your local
Obtain a Deferral Claim Form from our office.
You must file between Jan. 1 and April 1 each year. Your county treasurer may
enclose a Deferral Claim Form with your annual tax notice as a reminder to file.
However, you must apply every year, whether or not the reminder is received!
The County Treasurer will issue you a Certificate of Deferral.
The County Treasurer
will record the certificate and send it to the State Treasurer.
The State Treasurer will
charge you interest on the amount deferred beginning May 1 of
the year in which the
deferral is claimed. The interest is compounded annually. Copies
of the deferral
certificates are kept in the County Assessor and Treasurer's offices.
The deferred taxes may be paid at any time without affecting
your deferral eligibility. If your property taxes are normally
paid as part of your mortgage payment, you should present your
deferral certificate to the mortgagor for a refund of the property
tax monies held in escrow.
While it is true that you are deferring your property tax payments, the State is actually making the payments to local governments. Your County Treasurer submits your claim form to the State Treasurer. The State Treasurer makes the payments to your County. Therefore, you are borrowing the payments from the State until such time as you pay the State back.
NOTE: Deferral of your property tax does not
negate your right to apply for the Property Tax /Rent/Heat Credit .
Deferred taxes must be paid when:
All deferred taxes plus interest are due:
Property may be given to the State of Colorado in lieu of payment.
If the taxes are not
paid, the State of Colorado will foreclose on the property.
For Further Information Please Contact
the Larimer County Treasurer's Office
(970) 498-7027, or via e-mail