Reverse Mortgages in Colorado

Colorado’s growing senior population and appreciating home values have made reverse mortgages an increasingly relevant option for families across the state. From Denver to Colorado Springs and mountain communities, Colorado homeowners have significant equity that can be accessed through a reverse mortgage.

Colorado Property Tax Protections

• Senior Property Tax Exemption: Colorado offers a property tax exemption for qualifying seniors (65+) that can reduce the taxable value of their home by up to 50%.
• Senior Homestead Exemption: Available in counties that adopt it, this program can exempt up to 50% of the first $200,000 in actual value.
• Property Tax Deferral: Colorado allows seniors to defer property taxes, which are repaid when the home is sold.

What Colorado Families Should Know

• Colorado’s strong property appreciation means many seniors have substantial equity
• Property tax exemptions for seniors can significantly reduce ongoing costs
• Many Colorado mountain communities have high home values relative to local income