Property Tax Exemptions

Did you know there are several mechanisms that you may qualify for that may reduce your taxes? There are exemptions for seniors, disabled veterans, and certain charitable organizations. For summary information on rebates, exemptions and deferrals please read this brochure.

Schools/Churches/Charitable Organizations

Property which is owned and used solely and exclusively for religious purposes, for private schools, or for strictly charitable purposes is exempt, §§ 39-3-106 through 113 and 116, C.R.S. Owners of property which may qualify for exemption as owned and used for religious purposes, a private school, or strictly charitable purposes must file an application with the Property Tax Administrator.

Senior Tax Exemption and Classification

For those who qualify, 50 percent of the first $200,000 of actual value (or the amount that causes the assessed value to be $1,000 or greater for the primary residence classification only) of the applicant's primary residence is not taxable. The state will pay the exempted property tax.

Disabled Veterans Tax Exemption

For disabled veterans who qualify, 50 percent of the first $200,000 of actual value of the property is exempted. Owners of multiple residences may designate only one property as their primary residence. The state will pay the exempted property tax.