May 20, 2024

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.

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