Colorado voters will decide through Amendment G in the November election whether to extend a homestead property tax exemption to more military veterans with disabilities. Here’s an explainer.
Veterans of the U.S. armed services who have a disability that makes them unemployable would qualify to claim the exemption on their property taxes if voters approve the amendment. The Colorado General Assembly referred the question to the ballot this year.What would Amendment G do if passed?
In order to qualify for the rating under the expanded eligibility, a veteran would have to be unable to work a steady job because of a service-related disability. That typically involves the veteran having one disability that rates them as 60% disabled or more, or having multiple disabilities that combine for a 70% disability rating or higher, as determined by the U.S. Department of Veterans Affairs.The exemption excludes 50% of a home’s value — up to $100,000 — from taxation.
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