A property tax exemption is available for senior Colorado residents or surviving spouses, provided they meet the requirements. You must apply by July 15 of the year in which you seek an exemption. Applications postmarked by July 15 are valid, but you have to wait for January 2 of the following year if you miss this cut-off. Additionally, exemptions are only considered for the year in which you apply, not for previous years. The next available timeframe to apply is January 2, 2024 through July 15, 2024.
If you have been approved for the exemption in a prior year, you don't need to apply again. But you must report any changes in property ownership or occupancy within 60 days of the change.
To be eligible, you must:
- Be aged 65 or older before January 1 of the year you apply
- Have owned and lived in your home (as your primary residence) for at least ten consecutive years
Please get in touch with us if you have any questions.
Apply for Yourself
You can apply for a Senior Property Tax Exemption before July 15 of the year you apply. After this date, we will not accept applications until January 2 of the following year.The Senior Exemption deadline has passed for 2023 for taxes payable in 2024. We will be accepting applications again from January 2, 2024 to July 15, 2024.
If you have been approved in previous years, you do not need to apply again, but you must notify us of property ownership or occupancy changes.
Step 1.Read the Instructions
You can find more information about the Senior Property Tax Exemption and how to use the short form by reading the Short Form Instructions(PDF,334KB) .
Step 2.Fill out the application
If you meet the criteria for using the short form, download, print, and complete a Short Form Application to apply for the exemption here from January 2, 2024 through July 15, 2024. Short Form(PDF,493KB).
Step 3.Mail or deliver the application
Send or bring the completed application from January 2, 2024 to July 15, 2024 to:
City & County of Denver
Assessment Division
201 W Colfax Ave. Dept 406
Denver, CO 80202
Surviving Spouses or Exempt Individuals
You can apply for the Senior Property Exemption Tax if you are the surviving spouse of a senior who would have qualified or if you believe you meet one of the exceptions to occupancy and ownership requirements. These exceptions are:
- Ownership of the property was transferred to or purchased by a trust, corporate partnership, or other entity for estate planning purposes.
- The eligible senior, spouse, or surviving spouse is confined to a nursing home, hospital, or assisted living facility.
- The prior residence was condemned in an eminent domain proceeding by a governmental entity.
- The prior residence was destroyed or otherwise rendered uninhabitable by a natural disaster.
If applying as a surviving spouse or with an exception, you will need to use the Long Form. You need to apply for a Senior Property Tax Exemption before July 15 of the year you apply. After this date, we will not accept applications until January 2 of the following year. We will be accepting applications from January 2, 2024 until July 15, 2024.
If you have been approved in previous years, you do not need to apply again, but you must notify us of property ownership or occupancy changes.
Step 1.Read the Instructions
You can find more information about the Senior Property Tax Exemption for surviving spouses and other exemptions in theLong Form Instructions(PDF,283KB)
Step 2.Fill out the application
If you meet the criteria for using the Long Form, form, download, print, and complete a Long Form Application to apply for the exemption in the application available here from January 2, 2024 through July 15, 2024. Long Form(PDF,546KB).
Step 3.Mail, fax, or deliver the application
Send or bring the completed application from January 2, 2024 to July 15, 2024 to:
City & County of Denver
Assessment Division
201 W Colfax Ave. Dept 406
Denver, CO 80202
Fax: (720) 913-4101
FAQs
Promise to cut property-tax bills in half
The Stay NJ program is being billed as a way to provide homeowners ages 65 and older making up to $500,000 with annual benefits of as much as $6,500, depending on the size of their annual property-tax bill.
What are the requirements for senior tax freeze in NJ? ›
$150,000
- Be age 65 or older on Dec. ...
- Own and live in their home or leased a site in a mobile home park for a manufactured or mobile home that they owned since Dec. ...
- Paid all 2022 property taxes by June 1, 2023, and all 2023 property taxes by June 1, 2024; and.
StayNJ: An Overview
StayNJ is designed to offer tax credits to New Jersey homeowners who are 65 and older. These tax credits can cover up to half of their property tax bills, with a maximum cap of $6,500, provided their annual income does not exceed $500,000.
Who qualifies for NJ property tax relief? ›
Property Tax Reimbursem*nt
Applicants must be New Jersey residents for at least 10 years, and lived in the home for which reimbursem*nt is claimed for the last 3 years, and must meet certain income limits.
Who is exempt from senior income tax in New Jersey? ›
Individuals aged 62 or older may qualify for New Jersey's pension exclusion if their New Jersey gross income does not exceed $150,000, regardless of filing status. The maximum exclusion amount is applicable for those with gross income under $100,000, irrespective of filing status.
How much can a senior make without having to pay taxes? ›
If you are at least 65, unmarried, and receive $15,700 or more in nonexempt income in addition to your Social Security benefits, you typically need to file a federal income tax return (tax year 2023).
How to reduce property tax in NJ? ›
How to Reduce Your New Jersey Property Taxes
- Request Your Property Tax Card. Your property tax card is located in the town hall. ...
- Review the Tax Card. ...
- Walk the Home with the Assessor. ...
- Limit Curb Appeal. ...
- Appeal if your assessment is wrong. ...
- Don't Make any structural changes. ...
- Explore And Apply for NJ Exemptions.
The ANCHOR (previously Homestead) Benefit and Senior Freeze (Property Tax Reimburse- ment) pro grams are separate programs, and separate applications must be filed every year for each program.
Who is eligible for the anchor program for seniors in NJ? ›
Must be a citizen of New Jersey. Must be 65 years of age or older. Must be the owner or tenant-shareholder of property. Annual income must be less than $10,000 - single or combined husband and wife.
How do I apply for the anchor program in NJ? ›
Information about the program is available at anchor.nj.gov. Applicants may also call the ANCHOR hotline (609) 826-4282 or 1-888-238-1233, or get in-person assistance at a Regional Information Center.
The funding includes $220 million for the new Stay NJ program, which when fully implemented will reduce older residents' property tax bill by 50 percent, up to $6,500 a year.
What is the exit tax in New Jersey for seniors? ›
The New Jersey exit tax requires you to withhold either 8.97 percent of the profit/capital gain you make on the sale of your home or 2 percent of the total sale price: whichever is higher.
Do you have to apply for NJ senior freeze every year? ›
Yes. You must file each year by the filing deadline in order to receive reimbursem*nt and to maintain your base year property tax amount.
What is the Stay NJ program for seniors? ›
Stay NJ was created during last year's budget process and though it has already received funding, it is not set to launch until 2026. It has been billed as a way to cut property tax bills for seniors in the hopes of keeping them in New Jersey during their retirement years.
What is the income limit for the homestead rebate in New Jersey? ›
FAIR Rebate
Who is eligible: Homeowners and tenants who occupied their principal residence in New Jersey on October 1, and who paid property taxes on that dwelling either directly or through rent, and whose gross income for the entire year does not exceed $200,000 (homeowners) or $100,000 (tenants).
Is New Jersey getting a stimulus check in 2024? ›
In summary, the ANCHOR Tax Relief Program 2024 is set to provide much-needed financial support to eligible individuals in New Jersey. With its inclusive nature and focus on alleviating the burden of high living expenses, this initiative reflects a positive step towards aiding citizens facing economic challenges.
