Senior property tax exemption
application deadline: July 17 

Assessor Vickie Brown is advising Broomfield residents of the re-institution of the senior citizen homestead property tax exemption, and the July 17 deadline for applications. 

The Colorado General Assembly has reinstated the senior citizen homestead tax exemption for homeowners age 65 as of January 1, 2006, who have lived in their homes for at least 10 years, and who apply for the exemption. A surviving spouse of a senior who qualified for the exemption may also be eligible to apply. This exemption is for 2006 taxes payable in 2007.   

Deadline for application is Monday, July 17, 2006. Those who have applied for the exemption for prior years do not need to re-apply, Brown said. 

Those who qualify will receive a 50 percent exemption of taxes due on the first $200,000 in actual value of their primary residence.  The state then pays the exempted portion of the property tax.   

To receive the exemption, eligible homeowners must file an application with the county assessor.  Contact the assessor at One DesCombes Drive by July 17 to apply. 

Brown said in 2003, the state Legislature temporarily suspended funding for the senior property tax exemption program.  The Legislature approved funding this year, and the refund will be reflected on the property tax bills received by homeowners in January, 2007.