Eligible residents in Colorado have four more days to apply for a property tax rebate that could deliver as much as $1,000 in relief.
The Property Tax/Rent/Heat Rebate, as it is known, helps eligible state residents with disabilities and older adults pay for expenses related to heating residences.The annual rebate can be as much as $1,044 per year for an eligible applicant, but those who apply this year may receive a refundable tax credit of up to $1,000, per Colorado's Department of Revenue.
In order to be eligible for the rebate, an applicant must have lived in Colorado for all of 2022, may not have been claimed as a dependent by someone on a tax form, and be either at least 65 years old, have a surviving spouse who is 58 or older, or be disabled. The only other requirement is that applicants may not be making more than $16,925 for single filers and $22,858 for joint filers.Those who have their applications received, approved, and processed by March 10 will receive a direct deposit by April 5 or a paper check by April 15, while those whose applications are received, approved, and processed after that time will receive their payment by a later date.
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