Denver's Department of Housing Stability offers the Property Tax Relief Program to support eligible homeowners and renters with partial refunds on 2024 property taxes.
Understanding the Program's Purpose
The Property Tax Relief Program is designed to ease the financial burden of property taxes for older adults, disabled individuals, and families who meet specific income and residency requirements. This initiative aims to provide targeted assistance through April 2026, helping vulnerable groups maintain housing stability in Denver.
Homeowner Eligibility Requirements
To qualify as a homeowner, applicants must have owned and lived in their home for the entire year of 2024. Full payment of the 2024 property taxes is also required. Additionally, income limits apply: households must earn less than 60% of the area median income (AMI) to be eligible for the program. Eligible homeowners typically receive refunds starting at $372, with the average refund amount around $1,000.
Renters' Qualification Criteria
Renters have a different set of criteria to meet. They must have lived in rental units where property taxes for the year 2024 were paid by the property owner. Consistent rent payments throughout 2024 are necessary. Income thresholds are stricter for renters, generally capped between 25% and 30% of the area median income, depending on household size and type.
Program Impact and Reach
Last year, over 3,000 Denver residents benefited from this property tax relief, reflecting the significant demand for support among the community’s vulnerable populations. The program contributes to preventing displacement and promoting housing affordability by reducing the effective tax burden.
How to Apply
Applications for the Property Tax Relief Program can be submitted through the Department of Housing Stability’s official website. For further support, applicants can also reach out via phone through Colorado Housing Connects or the CARE Center helplines. These resources provide guidance, answer questions, and assist with completing the application process.
Key Benefits of the Program
Homeowners and renters benefit commercially and socially from this program by receiving partial refunds that improve financial flexibility. This relief can help with other essential expenses, reduce housing insecurity, and foster stronger community ties. The program's consistent funding through 2026 ensures ongoing support for eligible participants.
Why the Program Matters to Denver Residents
Rising property taxes and increasing rent costs place growing pressure on low- to moderate-income residents. This Property Tax Relief initiative addresses that challenge by targeting assistance to those most in need. Its eligibility criteria ensure that support reaches older adults, disabled individuals, and families who might otherwise struggle to remain in their homes.
The integration of this program within Denver’s broader housing stability efforts highlights a commitment to equitable housing policies. For qualifying residents, the program offers measurable financial relief and a pathway to sustained housing security in a competitive real estate market.