El Paso County, Colorado – El Paso County Assessor Steve Schleiker has good news for local seniors: the senior citizen tax exemption was funded for the tax year 2021, payable in 2022. The Colorado Constitution allows property tax exemptions for the primary residence of qualifying senior citizens. For those who qualify, 50% of the first $200,000 in actual value is exempted from taxation.

“This is great news, said Assessor Steve Schleiker. “Supporting our our seniors to comfortably enjoy their golden years while maintaining their Homestead is the right thing to do.”

The Senior Property Tax Exemption is available to property owners who:

• Are at least 65 years of age prior to January 1 of the year of application,
• Owned their home for at least 10 consecutive years prior to January 1, and
• Occupied the home as their primary residence for at least 10 consecutive years prior to January 1.

For more information and to apply for the Senior Property Tax Exemption, please visit https://assessor.elpasoco.com/senior-property-tax-exemption/ . The deadline to apply for the Senior Property Tax Exemption is July 15.