Wednesday, May 23, 2012

Seniors Get Property Tax Break

KSIR-052312-Ft. Morgan Seniors To Get Property Tax Break-FM


Good news for area seniors. The new Colorado State budget reinstates a property tax exemption for seniors. To qualify, a homeowner must be over 65, and have lived in the home as a primary residence for the pasts 10 years. Under the provision, the first 200-thousand dollars of the home's actual value are exempt from property taxes.