Colorado property tax exemptions can lower your bill — there are breaks for owner-occupants, seniors, veterans, and homeowners with disabilities, and many people who qualify never claim them. That is money left on the table every year. Below are the Colorado property tax exemptions that exist, who qualifies, and how to apply. Amounts and income limits change over time and some are set locally, so treat each figure as a
starting point and confirm the current number with your local assessor.
Colorado Property Tax at a Glance
| Homestead & Primary-Residence Relief | Available — see below |
| Senior Relief (Age 65+) | Available — see below |
| Veteran & Disabled-Veteran Relief | Available — see below |
| Disability Relief | Available — see below |
Verified from official state and county sources.
In This Colorado Guide:
Colorado Property Tax Exemptions & Relief
An exemption lowers the value your tax is figured on (or, in some states, gives you a credit or caps how fast your value can rise) — so the same tax rate produces a smaller bill. Here is each of the Colorado property tax exemptions available to homeowners.
Relief does not look the same everywhere. Some states knock a flat dollar amount off your home’s value; others give a credit on the tax itself, cap how much your assessed value can rise each year, or freeze the bill for qualifying seniors. A few offer an income-based rebate instead of a value exemption. The point is the same — a lower bill for people who qualify — but the
form differs, so read each program below for how it actually works rather than assuming it is a simple dollar discount.
Homestead & Primary-Residence Relief
Colorado has no general homestead exemption for all owners, but a constitutional Senior/Disabled-Veteran exemption (below) exempts 50% of the first $200,000 of value for those who qualify. Home values were reworked by 2024-2025 reform (SB24-233): residential property is assessed at roughly 6.7-7.15% of value, with part of the first ~$70,000 of value carved out.
How much / how it works: No universal exemption; qualifying seniors/disabled vets get 50% of the first $200,000 of value (up to $100,000). Confirm with your county assessor.
Senior Relief (Age 65+)
Senior Homestead Exemption (Colo. Const. Art. X sec. 3.5): exempts 50% of the first $200,000 of a home’s actual value (up to $100,000 excluded) for owners 65+ who have owned and lived in the home 10+ years. The state reimburses the county. File Form 15-DPT-AR with the county assessor by July 15; once approved it continues automatically. A 2024 ‘portability’ classification (SB24-111) lets seniors who moved keep similar relief on
a new home.
How much / how it works: 50% of the first $200,000 of value (65+, 10-year residency). Confirm with your county assessor.
Veteran & Disabled-Veteran Relief
Disabled Veteran Exemption: the same 50%-of-first-$200,000 exemption, for a veteran with a 100% permanent & total service-connected disability (or individual unemployability), WITHOUT the 10-year rule. Gold Star spouses (surviving spouses of servicemembers who died in the line of duty or from service-related causes) also qualify. File Form DR-8700 with the county assessor by July 1.
How much / how it works: 50% of the first $200,000 of value. Confirm with your county assessor.
Disability Relief
Colorado’s disability relief runs through the disabled-veteran exemption above and a state income-tax credit (the Property Tax/Rent/Heat Rebate) for low-income disabled residents. There is also a senior/disabled property-tax deferral (a low-interest state loan).
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How much / how it works: Disabled-veteran 50%/first-$200,000; plus a state rebate for low-income disabled. Confirm with your county assessor.
Not sure which Colorado breaks you qualify for?
How to Apply for Colorado Property Tax Exemptions
Colorado property tax exemptions are almost never automatic — you have to file for them, usually with your local assessor, and usually by a set date each year. Apply once for most breaks and they carry forward, but a few (like some senior or income-based programs) must be renewed. If you just bought your home, or just turned 65, or your disability or veteran status changed, that is the moment
to file.
Even one missed exemption can cost hundreds of dollars a year, so it is worth ten minutes to check.
Don’t want to appeal your Colorado taxes yourself? A property tax appeal service can file everything for you and usually only charges if it wins — typically a share of what it saves you. It is one option; you can also appeal on your own for free.
Frequently Asked Questions
What Colorado property tax exemptions are available?
Colorado has relief for owner-occupants (homestead), seniors 65+, veterans and disabled veterans, and homeowners with disabilities. The details, amounts, and income limits are covered above — and each is worth checking, because they can stack.
Who qualifies for a homestead exemption in Colorado?
Generally an owner who lives in the home as their primary residence. Exact rules — and whether the state uses a dollar exemption, a credit, or an assessment cap — are described in the homestead section above.
How do I apply for Colorado property tax exemptions?
File the application with your local assessor, usually by a set date each year. Most exemptions carry forward once approved; some must be renewed. Confirm the current form and deadline with your assessor.
Can I claim more than one of the Colorado property tax exemptions?
Often yes — for example a homestead break plus a senior or veteran break — though some programs interact. The sections above note where that applies; your assessor can confirm what stacks.
Colorado Property Tax Sources & Data
- Tax Foundation — Property Taxes by State & County: taxfoundation.org
- U.S. Census Bureau (American Community Survey): census.gov/acs
- Lincoln Institute of Land Policy (property tax data): lincolninst.edu
Exemption details for Colorado on this page were verified from official Colorado state and county sources and last
checked in July 2026. Amounts, income limits, and deadlines change and many are set locally — confirm the current
figures and forms with your local assessor before you rely on them.
More Property Tax Guides
- Property Tax Rates by State
- Property Tax by County
- Are You Overpaying? Over-Assessment Checker
- Property Tax Exemption Finder
Disclaimer: This guide is informational only and is not legal, tax, or financial advice. Know Property Tax is an independent educational resource. It is not a government agency, not a county assessor, and not a tax-appeal service. Property tax rates, bills, exemptions, and deadlines change over time and vary by county and property. Confirm anything that affects your taxes with your county assessor or a licensed professional before you act.