To: Governor Jared Polis
Reinstatement of Seniors'Homestead Exemption
Support Colorado's seniors by allowing the reinstatement of the Seniors' Homestead Exemption on property taxes. Large numbers of seniors in the middle class need this kind of support just in order to stay where they are.
Why is this important?
It now appears as if the State of Colorado has the necessary revenue to reinstate the so-called "Seniors' Homestead Exemption" to give seniors a break on their property taxes (Denver Post, Mar. 27, 2012). Those who qualify as seniors (65 years of age or older) who have lived in their homes for at least ten years,could again have 50% of the first $200,000 of the value of their homes exempt from taxation. The State has revealed that this tax break is affordable. For those who are watching their living expenses increase even as their pensions and savings remain stable, this would be a significant way to allow many to remain in their homes while maintaining a decent, if modest, way of life.