The Colorado Department of the Treasury is accepting applications for the Colorado Property Tax Deferral program through April 1, 2025. The program allows eligible homeowners to pay back property taxes with a low-interest loan.

The program is open to seniors ages 65 and up, active military service members, and all homeowners whose property taxes have grown by 4% or more over the last two tax years (Tax Growth Cap). Coloradans can check their eligibility and apply for a loan after receiving their county tax bill through the program website.

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Individual counties managed tax deferrals for seniors and service members until 2022, when the Colorado General Assembly voted to centralize the program and expand eligibility to more residents. Qualifying seniors and active military members defer the total property taxes owed, and those eligible for the Tax Growth Cap defer a portion of their taxes up to a $10,000 cumulative maximum.

Since 2022, the program has supported nearly 2,000 homeowners with an average loan of $4,500. About 80% of participants were seniors, followed by those in the Tax Cap Growth and Active Military groups. 

The program is distinct from the state’s property tax exemption program, which reduces the taxable value of residences. Instead, the Property Tax Deferral program provides loans recorded as junior liens against participants’ properties. Homeowners repay the loan over time or when a non-qualifying event occurs, such as a property sale.

Eligible homeowners must file their application by April 1, 2025. Taxpayers who deferred payments in previous years must reapply to continue their loan(s), even if they opt out of the program in 2025.

For more information, visit the Colorado Property Tax Deferral program website or call the program’s toll-free number, 833-634-2513