What is the active military personnel tax deferral program?
The active military personnel tax deferral program is offered by the State of Colorado. It allows you to postpone tax payments on your primary residence in a year that you are a guardsman or reservist called into military service. Taxes from that year are deferred until you sell or transfer your property, and interest is applied to the amount you defer. You can defer either the whole amount of your taxes, or half your taxes.
In the past, this program was managed jointly between the County and State Treasurer’s Offices. Beginning in 2023, the State Treasurer will run all aspects of the program, including the deferral application process.
You can find information and sign up for the program at the Colorado property tax deferral program website.
General requirements
- You must have been called into military service on January 1 of this year
- You cannot be earning income from the property (e.g., renting the property), but you can have a home office
- If your property is in a trust you must be named the trustee and the beneficiary of the trust
- If you have a reverse mortgage you likely cannot receive tax deferral (your lender must agree to subordinate)