The Larimer County Assessor’s office offers a Senior Property Tax Exemption to eligible senior citizens in the county. This exemption allows qualified individuals to receive a reduction in the assessed value of their primary residence, resulting in lower property taxes.
To be eligible for the Senior Property Tax Exemption, an individual must meet the following criteria:
– Age: The applicant must be at least 65 years old by January 1 of the year in which they are applying for the exemption.
– Ownership: The applicant must be the owner of the property and have lived in the property as their primary residence for at least 10 consecutive years prior to January 1 of the year in which they are applying.
– It is important to note that the Senior Property Tax Exemption only applies to the primary residence of the eligible senior citizen. Rental properties, vacation homes, or second homes are not eligible for the exemption.
To apply for the Senior Property Tax Exemption, an applicant must submit an application to the Larimer County Assessor’s office by the deadline, which is July 15 of the year in which they are applying. The application requires documentation to verify age, ownership, and income.
Once an application is approved, the Larimer County Assessor’s office will adjust the assessed value of the property to reflect the exemption, resulting in lower property taxes for the eligible senior citizen.
In addition to the Senior Property Tax Exemption, Larimer County offers other property tax exemptions for disabled veterans, surviving spouses of veterans, and individuals with disabilities. Information on these exemptions as well as links to applications can also be found on the Larimer County Assessor’s website.
https://www.larimer.gov/assessor/exemptions
The Senior Property Tax Exemption in Larimer County is a valuable benefit for eligible senior citizens who meet the age and ownership requirements. By reducing the assessed value of the primary residence, this exemption provides a much-needed tax break to seniors who have lived in their homes for many years. If you or someone you know may be eligible for this exemption, feel free to have them contact me directly or you may submit an application to the Larimer County Assessor’s office by the July 15 deadline.
