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Denver to Waive Property Tax Late Interest Through April 20

DENVER – Effective immediately, Mayor Michael B. Hancock has instructed the Denver Department of Finance (DOF) to take full advantage of Governor Jared Polis’ Executive Order allowing for the waiving of late interest on property tax installment payments.

DOF will waive 100 percent late payment interest effective March 20, 2020, the first available day for the waiver. The waiver applies to installment payments that were late as of the March 20 Executive Order. Any property owners who paid the late interest on or after March 20 will receive a reimbursement. The waiver will last for the full 30 days authorized and will end April 20.

“We know all too well the impact COVID-19 is having on our families and businesses, so I am taking full advantage of this opportunity to provide a little more relief for them during this time,” Mayor Hancock said. “The city is committed to working with our partners to continue to support our community and prepare for our recovery from this public health emergency.”

Property tax payment deadlines and the date when property taxes are deemed delinquent are dictated by state statute, and relief can only be granted by the state. Governor Polis, in an effort to provide local jurisdictions greater flexibility around property taxes, issued Executive Order #D 2020 012. The Executive Order gives county treasurers the ability to waive a portion of the interest for late payment of the first property tax installment for a 30-day period between March 20 and April 20, 2020.

All Colorado property owners have two options to pay their property taxes:

  • Pay in full by April 30, 2020
  • Pay in two installments, the first half by February 29, 2020 and the second half by June 15, 2020

The Governor’s Executive Order applies only to those people who have opted to pay their property taxes in two installments.

Currently, the Governor has not authorized any other changes or waivers regarding property taxes or deadlines. The April 30 deadline for the full payment still stands, as does the second installment deadline on June 15. The City and County of Denver is unable to make additional changes to the collection of property taxes.

Denver continues to work with the State regarding any future actions relating to property taxation after the initial 30-day order expires on April 20, 2020, as well as consult with the various taxing authorities within our borders to understand impacts future changes could have on their operations and budgets. In Denver, 65 percent of property tax revenues go to Denver Public Schools. Additional entities including special taxing districts, the Denver Urban Renewal Authority, urban drainage/flood control districts, and providers of supportive services for people with intellectual and developmental disabilities also receive property tax revenues.

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