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Information on the Senior Property Tax Exemption

Posted 1/6/24

Dear Editor,

As the calendar turns to another year, an important opportunity arises for Colorado’s senior citizens – the Senior Property Tax Exemption. This program isn’t just a financial

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Information on the Senior Property Tax Exemption

Posted

Dear Editor,

As the calendar turns to another year, an important opportunity arises for Colorado’s senior citizens – the Senior Property Tax Exemption. This program isn’t just a financial relief but a tribute to the enduring contributions of our senior community. To be eligible for the 2024 exemption, seniors must have celebrated their 65th birthday on or before December 31, 2023. Eligible seniors or their spouses must have owned and lived in their property as a primary residence for at least 10 consecutive years. It’s important to note that this exemption is exclusive to one property per married couple or individual, emphasizing the importance of choosing the place you truly call “home.”

The program also extends its benefits to surviving spouses who have not remarried, provided their late partner met the eligibility criteria. Recognizing life’s unpredictability, the exemption includes provisions for those in nursing homes or for individuals who have lost homes to unforeseen events like natural disasters. When it comes to applying, there are two forms – Short and Long – and applicants are advised to submit these by July 15 for a standard process.

Applicants must tread carefully, as claiming exemptions on multiple properties or providing false information in the application attracts legal penalties. Once applications are submitted, they undergo a thorough review by the county assessor’s office. Decisions, especially in cases of denial, are communicated with clear explanations, and there is an opportunity for appeal to ensure fairness and transparency in the process.

For those who need assistance or prefer to pick up the forms in person, our office is ready to help. You are welcome to stop by at 203 Eureka Street, Central City, Colorado, where we can provide the forms and answer any questions you may have. Alternatively, you can reach out to us at 303-582-5451 or email assessor@gilpincounty.org for more information.

April Nielsen

Gilpin County Assessor