April 22, 2019

HB 14-1373: Extending State’s Homestead Exemption to Certain People Who Are Not Currently Eligible

On April 11, 2014, Reps. Steve Lebsock & Ray Scott and Sens. Larry Crowder & Rachel Zenzinger introduced HB 14-1373 – Concerning Individuals who May Claim the Property Tax Exemption for Qualifying Seniors and Disabled Veterans. This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.

A senior who is 65 years old or older and has owned and occupied the same primary residence for at least 10 years or the surviving spouse of such a senior may claim a property tax exemption (exemption) for the primary residence in an amount equal to 50% of the first $200,000 of actual value. In addition, a disabled veteran who has a service-connected disability that the United States department of veterans affairs has rated as 100% permanent and total disability, but not the surviving spouse of such a veteran, may claim the exemption.

For property tax years commencing on or after January 1, 2015, the bill specifies that:

  • A senior who has received an exemption for his or her former primary residence but moved to a new primary residence after January 1, 2014, may continue to claim an exemption for his or her new primary residence if a natural disaster forced the move by destroying the former primary residence or otherwise rendering it uninhabitable. The surviving spouse of a deceased senior may also claim the exemption for his or her new primary residence if the deceased senior:
    1. Previously qualified for a property tax exemption for the new primary residence; or
    2. Would have qualified for a property tax exemption for the new primary residence if he or she had not died before the surviving spouse moved to the new primary residence.
  • The surviving spouse of a deceased disabled veteran who had received an exemption before his or her death may claim the exemption.

The bill was approved by the House on April 21. The Senate Finance and Appropriations Committees approved the bill on May 29 and 30 and was adopted on 2nd Reading by the full Senate on May 2.

Since this summary, the bill passed 3rd Reading in the Senate with no amendments and is on its way to the governor for action.

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Comments

  1. Re: Property tax exemption for seniors

    Facts: I am totally disabled since 2008.
    I am 64 years old.

    Article in publication, Senior Beacon, feb. 2015, by Eileen Doherty, states “To be eligible…or disabled for all of 2014.”

    I called about this qualification and was told I am eligible because I am disabled. However, I applied to Pueblo County Assessor, but received denial for exemption because I am not 65.

    Please clear up this confusion.

    Thank you.

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