Colorado Homestead
Tax Exemption
for Seniors
Rob Baker
1 Source Realty
CO LIC.#: FA100078487
S.R.E.S.
Seniors Real Estate Specialist
What is the Colorado Seniors Homestead Tax Exemption?
Seniors 65 and over as well as their surviving spouses are eligible for the senior property tax exemption. The state compensates local governments for any revenue shortfall resulting from this exemption. If Colorado's budget permits, up to 50% of the first $200,000 of the actual value of the applicant's main residence is exempted.*
Given current home assessment increases, could you use a break on your taxes?
Rob Baker
1 Source Realty
720-363-6544
RobBakerRE@gmail.com
CO LIC.#: FA100078487
S.R.E.S.
Seniors Real Estate Specialist
What are the Eligibility Requirements for the
Colorado Seniors Homestead Tax Exemption?
Basic Requirements of a Qualifying Senior CitizenA qualifying senior citizen is a person who meets each of the following requirements:• The applicant is at least 65 years old on January 1 of the year in which he/she applies
and
• The applicant or his/her spouse is the property owner of record and has owned the property for at least 10 consecutive years prior to January 1
and
• The applicant occupies the property as his/her primary residence, and has done so for at least 10 consecutive years prior to January 1.Basic Requirements of the Surviving Spouse of an eligible Senior CitizenThe surviving spouse of an eligible senior citizen is a person who meets all of the following requirements:The surviving spouse was legally married to a senior citizen who met the age, occupancy, and ownership requirements on any January 1 since January 1, 2002
and
• The surviving spouse has not remarried
and
• The surviving spouse occupied the residential property with the eligible senior citizen as his or her primary residence and still occupies the same property.You are only allowed one tax exemption, so if you are receiving a VA tax exemption you will not be able to stack exemptions and can only receive either the senior tax exemption or the VA tax exemption in a calander year.
Rob Baker
1 Source Realty
720-363-6544
RobBakerRE@gmail.com
CO LIC.#: FA100078487
S.R.E.S.
Seniors Real Estate Specialist
Rob, what do you get out of providing this information?
Many seniors have asked what my motivations are and why I provide this service.As a seasoned Realtor and Seniors Real Estate Specialist with an area of focus on senior citizens, I deeply value the significant impact that seniors have had on my life and our community over the years. It's only fair that they are rewarded for their contributions. In an effort to ensure this, I have set up a website and initiated a community outreach program that offers information about the Senior Tax Exemption in your area. This initiative could greatly reduce your property tax obligations. This is just one method through which I aim to show appreciation for your priceless contributions. As I continue to serve your exceptional community, your comfort, security and overall well-being remain at the forefront of my priorities.Additionally, if you or anyone in your network - be it friends, family or colleagues - need help with real estate matters, please keep me in mind and share my contact details so I can continue to provide these essential outreach services.
LIST OF COUNTY WEBSITES FOR THE
SENIORS HOMESTEAD TAX EXEMPTION
I'd be grateful if you could encourage any seniors you know from unlisted counties to get in touch with me. I'll happily provide them with a relevant link for their county if it's available.
Please feel free to reach out to me via phone, text, or email if you require any more help. Or you can simply complete the form below.
Rob Baker
1 Source Realty
720-363-6544
RobBakerRE@gmail.com
CO LIC.#: FA100078487
S.R.E.S.
Seniors Real Estate Specialist
Disclaimer:
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This is not intended to solicit a currently listed home with a real estate agent. Nor is this intended to solicit anyone who has an executed signed agreement with any other real estate agent, if your home is listed, or you have signed representation by another real estate agent, please notify me via email and I will cease and desist any further communications. Thank you.
Rob Baker
Aisling Brigid, Inc. DBA 1 Source Realty
Office: 970-308-6508
Office Address: 1200 N County Road 37, Bennett, CO 80102
Managing Broker: Michelle Stinn