- Property Tax Exemption and Deferral Programs
Property Tax Exemption and Deferral Programs
There are a number of different programs for property tax exemptions and deferrals. Please refer to the options below for more information.
Senior Property Tax Exemption
When the state of Colorado's budget allows, 50% of the first $200,000 of actual value of a qualified applicant's primary residence is exempted. For example, if your home was valued at $200,000, the exemption would reduce the taxable value to $100,000.
Regardless of whether the exemption is funded or not, your county assessor will continue to process new applications. The funding of the Senior Citizen Property Tax Exemption does not affect the Disabled Veteran Exemption. The Broomfield Assessor will continue to process new applications for the Senior Homestead Exemption and those who qualify for the first time are encouraged to apply. The application deadline is July 15.
Brochure: (Information for the Senior Homestead Exemption and the Disabled Veteran Exemption)
To apply, complete one of the applications below and send to the Assessor Department by July 15. Applications may be printed from this page or contact the Community Assistance Center at 303.464.5839.
- The qualifying senior must be at least 65 years of age as of January 1 of the year of application.
- The qualifying senior must occupy the property as his or her primary residence, and be the owner of record and must have done so for at least ten consecutive years prior to January 1 of the tax year. Limited exceptions to the ownership and occupancy requirements are detailed in the qualifications section of the application.
Short Form: (Standard Application for Individual and Joint Ownership)
Long Form: (Application, Owner exceptions, and Instructions)
Disabled Veterans Exemption
This exemption is available to applicants who:
- sustained a service-connected disability while serving on active duty in the Armed Forces.
- were honorably discharged, and
- were rated by the Department of Veterans Affairs at 100% "permanent and total" disabled, and
- owned and occupied the home as his or her primary residence since January 1 of the year of application.
To apply, print the application here:
Disabled Veteran Exemption Instructions and Application
Disabled Veteran Surviving Spouse Exemption
The exemption is available to surviving spouses of disabled veterans who had the disabled veteran exemption and who passed away prior to January 1 of the current year. The property must be owner occupied and used as the primary residence of an owner-occupier who is the surviving spouse of a qualifying disabled veteran. The application deadline is July 1. The application is available from the Division of Veterans Affairs or the county assessor of the county in which the property is located, and must be returned to the county assessor.
To apply, print the application here:
Disabled Veteran Surviving Spouse Exemption Application
Gold Star Spouse Exemption
In 2022, Colorado voters approved an expansion to the senior citizen and disabled veteran exemption to include "Gold Star Spouses".
Please review the eligibility, ownership and occupancy requirements by clicking on the link below:
Gold Star Spouse Application and Instructions 2023
Applications may also be obtained at the Division of Veterans Affairs:
Colorado Department of Veterans Affairs
Division of Veterans Affairs
155 Van Gordon Street, Suite 201
Lakewood, CO 80228
Website: Colorado Department of Military and Veterans Affairs
Tax Deferral Program
Colorado's Property Tax Deferral Program has traditionally helped seniors and active military personnel continue to afford to live in their homes by deferring the payment of their property taxes.
In the Property Tax Deferral Program, once approved, the State Treasurer's office makes tax payments directly to the county on behalf of the participant for the tax amount due. The loan is logged as a lien against the participant's property that does not have to be remitted until the participant no longer qualifies to defer their property taxes.
On January 1st 2023, the State of Colorado expanded the deferral program to allow those who do not qualify for the senior or military personnel program to defer a portion of their real property taxes if they exceed the property tax-growth cap of 4%, averaged from the preceding two years. The expanded deferral program does not exempt taxes; it is a loan to assist Coloradans with the payment of property taxes. The deferral becomes a lien against the property that’s subject to interest and must be paid off when the home is sold.
Under this program, the minimum amount a taxpayer may defer is $100 and the maximum cumulative taxes that a taxpayer may defer is $10,000. The application must be filed between January 1 and April 1, 2023. Taxpayers must reapply each year to continue deferring prior year taxes, as well as to request deferral on current year taxes.
Homeowners can visit Colorado Property Tax Deferral Program's website to learn more about and apply for Colorado’s expanded Property Tax Deferral Program.
Broomfield Property Tax Refund Program for Seniors
Broomfield homeowners may qualify for the new Property Tax Refund Program for Seniors. This program will be available for Broomfield homeowners who have lived at their home for at least two years, are at or below 60% AMI (average median income) and meet certain eligibility requirements. For all the details, visit the Housing Division web page. Applying for this program does not automatically include you in the Senior Property Tax Exemption program. Please see information above to apply for that program.