Disabled Veterans Property Tax Exemption
Application Deadline: July 1 in the tax year of applicationColorado's Referendum E amended the senior exemption to include Disabled Veterans. This was effective beginning in tax year 2007.
Qualifying Disabled Vets will receive an exemption on 50% of the first 200,000 of actual property value. Owners of multiple properties can designate only one of those properties for the exemption, and it should be their primary.
A qualifying disabled Veteran must meet the following requirements: the disability must have been service related, while serving on active duty in the Armed services; the veteran must have been honorably discharged; the Department of Veteran's Affairs will have issued a "permanent and total" disability rating to the veteran.
The veteran must own the property and must have been an owner of record since January 1 of the application year.
There are 2 exceptions to this:
One involves ownership solely by the vet's spouse. If the vet was married to this spouse prior to January 1, and both have occupied the property since January 1, that will be considered acceptable occupancy.
The second exception is if title is held in a trust or other legal entity. It will be necessary for the vet to prove he/she created that trust or other entity.
All applications for this exemption are made through the Colorado Department of Military Affairs in Denver. The phone number is 303.343.1268. The application is online at the Department of Veteran Affairs:
www.dmva.state.co.us
The Department of Veteran Affairs will qualify the veteran as eligible, the County Assessor's office will confirm that the ownership and residency requirements are met.
