Government officials in Mesa County, Colorado, urged state legislators in an open letter this week to preserve a property tax exemption for older adults and disabled veterans amid the state’s ongoing budget constraints.

Colorado’s senior property tax exemption, which has been in place for the past 25 years, cuts 50% from the first $200,000 of a home’s value for qualified homeowners — typically reducing their annual property tax bills by about $500. The program helps seniors cope with rising property taxes.

Under current rules, the state reimburses local governments for the lost revenue but only when the budget allows. details ⇒

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