What is the Disabled Veteran Property Tax Exemption?

This exemption is a significant relief measure for qualifying disabled veterans. It covers 50% of the first $200,000 of your home’s actual value, reducing your property tax burden and making homeownership more affordable.

Who is Eligible?

To qualify for the property tax exemption, you must meet these criteria:

• Disability Rating: You must have a 100% permanent and total service-connected disability rating from the U.S. Department of Veterans Affairs.
• Primary Residence: The property must be your primary residence as of January 1 of the year in which you apply. If your spouse owns the property, you can still qualify if you were married on or before January 1 and both of you have occupied the home as your primary residence since then.
• Ownership Requirements: You must own and live in the home as your primary residence.

How to Apply for the Exemption

Follow these simple steps to apply for the Disabled Veteran Property Tax Exemption:

1. Obtain the Application Form:

   • You can download the form from the Colorado Division of Veterans Affairs website or request it directly from their office.

2. Complete the Application:

   • Make sure all information is accurate and include documentation of your 100% permanent and total disability rating from the U.S. Department of Veterans Affairs.

3. Submit Your Application:

   • Applications must be submitted to your county assessor’s office. If you live in El Paso County (including Monument, Colorado), you can find all the details on how to submit your application on the El Paso County Assessor’s Office website.
   • Contact Information for El Paso County:
     • Phone: (719) 520-6600
     • Website: El Paso County Assessor’s Office

Application Deadline

📅 Applications must be submitted between January 1 and July 1 of the year you are applying. For instance, if you’re applying for the 2025 tax year, your application must be in between January 1 and July 1, 2025.

Legislative Updates You Should Know

Colorado recently passed Amendment G, which expands the property tax exemption to include veterans with individual unemployability status. This change will take effect in the 2025 tax year. For more details on this legislative update, visit Colorado Sun.

Additional Support and Resources

• Colorado Division of Veterans Affairs: Visit their website for additional guidance and resources.
• El Paso County Assessor’s Office: Learn more about the application process and get contact information for any questions you might have.

🙌 Colorado is committed to supporting its veterans, and this property tax exemption is one way to show appreciation for your service. If you or a loved one qualifies, don’t miss out on this opportunity to save!

Ready to take the next step? Be sure to share this information with fellow veterans who might benefit, and start your application as soon as January 1! If you need assistance, don’t hesitate to reach out to the resources provided above. 🏠

For more helpful tips and resources about living and moving to Colorado Springs, check out my other posts, or feel free to reach out to me anytime!

Contact Me: Nicole Strom
📞 Phone: 719-922-0102
🌐 Website: NicoleStromRealtor.com
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