July 27, 2024
Property

State program allows some Coloradans to postpone property tax bills


Houses are shown in Louisville, Colorado, on Thursday, Dec. 21, 2023. (Photo by Hyoung Chang/The Denver Post)

As Coloradans brace for higher property tax bills in the coming months, many homeowners are eligible to postpone paying under a state Treasury Department deferral program.

Residents 65 and older and those who are active members of the military can apply for a full deferment of their property tax bill this year. Under a recent expansion of eligibility rules, any other homeowner whose property tax bill will increase by more than 4% can apply to have up to $10,000 deferred.

Applications must be submitted by April 1. Residents must wait to receive their property tax bill before applying, according to the department. Those bills are expected to start hitting mailboxes later this month, a few weeks alter than normal.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. View more
Accept
Decline