Q: When are property taxes due in Cheyenne County for the current fiscal year?
A: Property taxes are due by January 1st for the following year. If January 1st falls on a weekend or holiday, the due date extends to the next working day. Extensions can be requested by April 15th.
Q: What tax credits are available and do they require application?
A: Colorado offers several tax credits that require application, including the Senior Homestead Credit for qualifying seniors, the Disabled Veteran Credit, and various other need-based credits. These are credits that reduce your tax bill, not exemptions that reduce assessed value. You must apply annually with the county assessor's office.
Q: How does the Homestead Credit work and do I need to file for it?
A: The homestead credit limits the annual increase in your property's assessed value, not the market value. This credit caps assessment growth and requires annual filing with documentation proving the property is your primary residence. It does not automatically reduce your property's value but helps control tax increases over time.
Q: What is the 50% exemption I've heard about for primary residences?
A: Colorado provides a 50% exemption on the first $200,000 of actual value for qualifying primary residences. This exemption reduces your assessed value and requires application with proof of primary residency. The state reimburses local governments for the lost revenue.
Q: When does the county assess property values and how can I appeal?
A: Properties are assessed annually as of January 1st. Assessment notices are typically mailed by May 1st. You can appeal your assessment by filing a protest with the county assessor within 30 days of receiving your notice, with a final deadline usually around June 15th.
Q: What are the penalties for late property tax payments?
A: Late payments incur interest charges and penalties. Interest accrues monthly on unpaid balances, and additional penalties may apply for extended delinquencies. Contact the Cheyenne County Treasurer for current penalty rates and payment options.
Q: Can I pay my property taxes online?
A: Many Colorado counties offer online payment systems. Check the Cheyenne County Treasurer's website for available online payment options, accepted payment methods, and any associated convenience fees.
Q: Why do property tax rates vary within Cheyenne County?
A: Tax rates vary because different areas are served by different combinations of special taxing districts such as school districts, fire districts, library districts, water districts, and metropolitan districts. Each district adds its own mill levy to fund specific services, resulting in different total tax rates depending on your property's location.
