The Colorado Legislature again has funded the Colorado Senior Property Tax Exemption for the 2020 tax year.

“This is an important exemption for over 16,000 seniors living in Larimer County on a limited income, says Larimer County Assessor Bob Overbeck. It makes a big difference in their finances.”

For those who qualify, Overbeck reminds property owners to apply for the 2020 Senior Tax Exemption before the July 15, 2020 deadline. Typical savings are in the $600 range and possibly more.

The exemption is available to those who:

• Are at least 65 years old before the year of the application.
• Owned their home for at least 10 consecutive years before January 1.
• Occupied a home as their primary residence for at least 10 consecutive years before January 1^st.

For those who qualify for the exemption, 50% of the first $200,000 in actual value --- or $100,000 of the primary residence is exempted from property tax. Once an exemption application is filed and approved by the Larimer County Assessor, it remains in effect unless a disqualifying event occurs.

The Senior Exemption, known as the Senior Homestead Exemption, was approved by Colorado voters in November 2000.

Got any questions or need additional information? Visit https://www.larimer.org/assessor/exemptions or call the Larimer County Assessor at [970] 498-7050, or email us at grahamsm@larimer.org.