Get your taxes done using TurboTax

No. If you meet the eligibility requirement, you claim the credit. Here are the requirements are:

 

Colorado seniors who were full-year or part-year residents in 2022 qualify for this credit if: 

  • Your date of birth (or your spouse’s date of birth) is December 31, 1957, or earlier
  • Your adjusted gross income is $75,000 or less
  • Your primary residence was not already exempt from property tax as allowed under section 39-3-203 of the Colorado Revised Statutes (commonly known as the Senior Property Tax Exemption or Senior Homestead Exemption) for the property tax year beginning January 1, 2022.
    • This exemption should appear on your property tax statement from your county assessor. You may have been approved for this exemption by applying in a prior year. This exemption is generally allowed if one owner of a home is 65 years old as of January 1 and has occupied the home as a primary residence for at least 10 consecutive years.

 

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