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Amendment G proposes amending the Colorado Constitution to: Reduce property taxes for some veterans of the U.S. Armed Forces with a disability.
A “yes” vote on Amendment G reduces the property taxes paid by some veteran homeowners by expanding the current homestead exemption to include veterans whose disability makes them unable to work or makes them unemployable.
A “no” vote on Amendment G means that current requirements for disabled veterans to receive the homestead exemption remain in place, and it continues to be available to veterans whose disability is rated as permanent and unrecoverable (i.e. Paralysis, loss of limb, ect.)
What is the current homestead exemption?
The homestead exemption in the state constitution reduces property taxes owed on a qualifying homeowner’s primary residence by exempting 50 percent of the first $200,000 of the home’s value from taxation. Qualifying homeowners include: Coloradans aged 65 or over who have lived in their home for at least ten years; veterans with a service-connected disability rated 100 percent permanent and total by the federal government; and surviving spouses, also known as Gold Star spouses, of U.S. Armed Forces service members who died in the line of duty and of veterans whose death resulted from a service-related injury or disease. The homestead exemption reduces property taxes collected by counties and paid to local governments. The state reimburses the local governments for all revenue lost as a result of the exemption.
Who qualifies for the homestead exemption under the measure?
Amendment G extends the homestead exemption, currently available for veterans with a permanent disability, to veterans who have qualified for the Total Disability Individual Unemployability (TDIU) rating as determined by the U.S. Department of Veterans Affairs. The determining if a disability is permanent is based on physical or medical service-related injuries or illnesses and is a medical determination, unrelated to whether a person can be employed. In order to qualify for the TDIU rating, a veteran must be unable to work a steady job that supports them financially because of a service-connected disability. In most cases, a veteran must also have at least one service-connected disability rated at 60 percent or more disabling, or have two or more service-connected disabilities, with at least one rated at 40 percent or more disabling and a combined rating of 70 percent or more. The TDIU rating allows a veteran to receive federal disability benefits equal to what a veteran with a 100 percent disability rating receives. An estimated 3,700 veterans in Colorado who are not otherwise able to claim the homestead exemption would be eligible for the exemption under this amendment in the property tax year 2025.
Glossary
TDIU - Total disability individual unemployability
Service-Connected Disability - an illness or injury that was caused by or got worse because of your active military service.
Property taxes - A property tax is a tax on the value of a property.
Reimburses - repay a sum of money that has been spent or lost.
Revenue - revenue is the total amount of income generated by the sale of goods or services.
Exemption - being free from an obligation or liability imposed on others.
Cast Your Impala Ballot
The Impala Ballot is a polling system we plan to use to look at the issues our community cares about and where their feelings lie. These polls are in no way affiliated with any party in the area and the information will only be used by the Poudre Press and potentially PHS Government classes.
Proposition G: Are you planning to vote/want to vote for or against?
- Yes to Proposition G!
- No to Proposition G!
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