August Forum to Explore Potential Changes … The forum will take place Tuesday, August 14, 2018, from 8:00 am to 1:00 pm at the Police Protective Association Events Center (PPA), at 2105 Decatur Street in Denver.
View Event Flyer – CLICK HERE
Coloradans age 65 and older and those who own a home need to attend a special August event to find out what changes may be considered for the senior homestead property tax program when the state legislature next convenes in January.
At stake is more than $150 million in state funds dedicated to senior property tax breaks in the state. Policy makers are looking to divert these funds from seniors to other programs. More than 240,000 Colorado seniors (and growing) currently qualify for tax breaks provided by those funds.
The magnitude of the future of this tax break could have major implications for Colorado homeowners who use the tax break to continue to live in their own homes.
In this law’s 18 years of existence, there have been more than 30 pieces of legislation proposed to modify the law – including the 2006 addition of Colorado’s fully disabled veterans. In six of the 18 years, the legislature has chosen to zero out the exemption, eliminating any property tax credit in these years for seniors.
In recent years, there has been an interest in reducing and/or trimming these dollars dedicated to seniors to support various other, non-senior related, programs.
Attendees will hear from a legislative staff expert on the Senior Property Tax Exemption, legislators with oversight of the state budget and a panel of individuals and organizations representing various perspectives about the senior property tax exemption and its future.
Attendees are being asked to provide input on keeping the benefit as it was originally designed, changing and reallocating a part of the benefit, or offering input on policy and/or laws that would improve their ability to stay in their home as they age. Questions will also be asked about if changes were proposed, what would have the most positive and beneficial impact on seniors who currently receive this tax credit.
Sponsored by Colorado Senior Lobby, legislatively created Strategic Action Planning Group on Aging, and Colorado Gerontological Society, the forum will lay out the issues at stake, gather feedback and input, and provide attendees with strategies on how to voice their opinions on the tax breaks.
For more information on the forum and to register, go to https://tinyurl.com/senior-property-tax-8-14-18. Admission is free. Space is limited so RSVP now to reserve your seat.
To learn more about the sponsoring organizations, please visit:
- Colorado Gerontological Society: http://www.senioranswers.org
- Colorado Senior Lobby – About Us
- Strategic Action Planning Group on Aging: https://www.colorado.gov/agingstrategy
Resources to Review on the Senior Property Tax Exemption Program
Colorado Joint Budget Committee (JBC) Memorandum – Senior Citizen Property Tax Exemption
March 2017 – CLICK HERE
Colorado Legislative Council Staff – History of the Senior Property Tax Exemption
November 2016 – CLICK HERE
Colorado Department of Treasury Reviews Senior and Veteran Property-Tax Programs – CLICK HERE