The senior and military tax deferral program is offered by the State of Colorado. It allows you to postpone your tax payments until you sell your property, or your estate is settled after your death. Interest is applied to the amount you defer. You can defer either the whole amount of your taxes, or half your taxes. The Larimer County Treasurer's Office collects the information and sends it to the State of Colorado who manages the program, makes all the decisions, and then notifies the county treasurers who has been approved or disapproved.

General requirements

  • You must be 65 years old on or before January 1 of this year or be a person called into military service, on January 1 of the year in which the person files a claim.
  • Applicant must own and occupy the property as their primary residence.
  • You cannot be earning income from the property (i.e., renting the property) but you can have a home office.
  • If your property is in a trust you must be named the trustee and the beneficiary of the trust. (Most trusts are not set up this way.)
  • If a qualified applicant has a reverse mortgage, the property is only eligible for future deferrals if a subordination agreement from the mortgage lender is submitted with the application.
  • The completed application must be returned to the Treasurer's Office no later than the close of business (4:30pm) March 30.

To complete an application, you need to provide the following information:

  • Your full name
  • If the property is held in a trust, the name of the trust
  • Property address
  • Your date of birth
  • Phone number
  • Name of your mortgage company (if applicable)
  • Approximate balance on your mortgage

What Happens Next?

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