Colorado Property Tax Deferrals
The Property Tax Deferral Program helps military personnel and seniors, many of whom live on a fixed income, continue to afford to live in their own homes by deferring the payment of their property taxes.
On January 1st, 2023, the State of Colorado expanded the deferral program to include individuals whose property tax liability grows by more than 4.0 percent. Homeowners who aren’t seniors or active military can apply if their property taxes increased above what the program calls a “growth cap.” The growth cap is met when the current year’s property tax amount has increased 4% or more compared to the average of the two prior years amounts.
Seniors and active military can defer for as long as they own their home and they reapply for deferral each year. Others applying under the tax growth-based eligibility can defer for as long as they own their home, as long as the amount being deferred does not exceed $10,000.
The State Treasury makes tax payments directly to the county on behalf of the participant for the entire amount due that year. The loan is logged as a lien against the participant’s property that does not have to be remitted until the property sells or the mortgage changes hands. The property claiming the deferral must be owner occupied. All property taxes for years prior to 2024 must be paid. The property must not be income producing. To participate, eligible taxpayers must apply to the Colorado State Treasurer between January 1 and April 1 of the current year.
For questions, please contact:
Colorado Property Tax Deferral Program
Phone: 833-634-2513
Email: cotreasproptax@state.co.us
