It seems that you are inquiring about Colorado Property Tax Exemption. You are receiving a partial exemption but would like 100% exemption. That is a State Property Tax issue and TurboTax does not have anything to do with that. TurboTax handles Income Tax issues.
I did check to see if there was anything in CO about Property Tax Exemptions and did not find anything that would fully exempt your real estate from taxes. However, see below for information regarding the types of exemptions allowed and I think you are receiving.
What are the qualifications for a senior homestead exemption in Colorado?
Taxpayers 65 years and older as of January 1st, who have owned and occupied the property as their primary residence for at least 10 consecutive years may qualify for the Senior Exemption. The exemption reduces the actual taxable value of qualified residential property by 50 percent of the 1st $200,000 of taxable value.
For those who qualify, 50 percent of the first $200,000 of the actual value of the property is exempted.
In the November 2000 election, Colorado voters passed a Property Tax Exemption for seniors, known as Referendum A. Qualifying seniors will see 50 percent of the first $200,000 of actual value of their primary residence exempted from property tax.
Colorado Property Tax Exemption
I hope this helps. Please return to this forum if you have additional questions.
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