Colorado Property Tax Exemptions 2026: Homestead, Senior, Veteran & Disability

Colorado (CO) homeowners have several ways to legally reduce their property tax bill — homestead reductions, senior credits, veteran exemptions, and disability programs. This page lists every Colorado property tax exemption available in 2026, who qualifies, dollar amounts, and how to apply.

All Colorado property tax exemptions at a glance

Exemption	Who qualifies	Benefit	Typical savings
Homestead (general)	Owner-occupied primary residence	~$55,000 value reduction	$268/yr est.
Senior / Age 65+	Owner-occupied; age 65+; often income-capped	Additional reduction or freeze	$200 – $2,000/yr
Disabled veteran	Service-connected disability rating	Up to 100% exemption in many states	$1,000 – full bill
Disability (non-veteran)	Permanent total disability	Reduction + sometimes freeze	$200 – $1,500/yr
Surviving spouse	Of veteran, first responder, or senior	Continuation of decedent's exemption	Same as deceased's benefit
Agricultural / farm	Active agricultural use	Use-value assessment instead of market	30% – 80% lower bill

Estimated savings use Colorado's effective property tax rate of 0.49% on the median home value of $502,200. Your actual savings depend on your county assessor's millage and how exemptions are applied to assessed (vs. market) value.

Senior Property Tax Homestead Exemption

Colorado's constitutional senior homestead exemption, authorized by Section 3.5 of Article X, provides:

Benefit

50 percent of the first $200,000 of actual value is exempt from property tax. Equivalent to up to $100,000 of actual value excluded from the tax calculation.

Eligibility for 2026

• Age 65 or older on January 1 of the tax year
• Owned and occupied the property as primary residence for at least 10 consecutive years
• Some limited exceptions for elderly disabled individuals forced to move into qualifying care facilities

Disabled veteran variation

Disabled veterans with 100% service-connected permanent total disability (or surviving spouses) qualify for the same 50%/first-$200,000 exemption without the 10-year residency requirement. File form DR-8700 with the county assessor.

Budget funding constraint

The exemption is funded by the state, not the local taxing authority. In years when the state cannot fund it fully, the benefit may be reduced or temporarily suspended (has happened in past recession years). For 2026, full funding is in place.

Application

File form 15DPT-AR with the county assessor, typically by July 15 of the tax year. Once approved, continues automatically.

Frequently Asked Questions

What is the Colorado Senior Property Tax Homestead Exemption?

50 percent of the first $200,000 of actual value is exempt from property tax for homeowners age 65+ who have owned and occupied the property as primary residence for at least 10 consecutive years. File form 15DPT-AR with the county assessor by July 15. Disabled veterans (100% SC) qualify for the same benefit without the 10-year requirement.