Get Colorado Tax Exemption Tools 2017-2024

A parcel of land that was used the previous two years and is presently used as a farm or a ranch, or is being restored through conservation practices. Such land must have been classified or eligible for classification as agricultural land during the 10 years preceding the year of assessment.

The credit is commonly known as the Senior Property Tax Exemption or Senior Homestead Exemption....AGI/Credit Allowed. Single, Married filing joint, Head of HouseholdMarried filing separate$25,499 or less$1,000$500$25,500 - $25,999$990$495100 more rows

A property tax exemption is available for senior Colorado residents or surviving spouses, provided they meet the requirements. You must apply by July 15 of the year in which you seek an exemption.

Must be 65 years of age on January 1 of the year they apply for the exemption. A surviving spouse of a qualifying owner. Must be the primary residence of the owner on record for 10 consecutive years. The property is classified as residential.

Organizations that are exempt from federal income tax under 501(c)(3) will generally be approved for a sales tax certificate of exemption in Colorado. To find the identification number of a Colorado charitable organization, use the Charity Lookup Tool or visit the Colorado Secretary of State's Office website.

The property owner must be at least 65 years old and have owned and occupied the property as his or her primary residence for the 10 years immediately preceding the assessment date.

Taxpayers 65 years and older as of January 1st, who have owned and occupied the property as their primary residence for at least 10 consecutive years may qualify for the Senior Exemption. The exemption reduces the actual taxable value of qualified residential property by 50 percent of the 1st $200,000 of taxable value.

exempts purchases of machinery, machine tools, and parts, directly and predominately used for manufacturing tangible personal property, from sales and use tax. Additionally, the purchase must be in excess of $500 and the items must be depreciable and have a useful life of at least one year.