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Denver Implements Additional Property Tax Relief Efforts for Residents, Businesses

Waiver of late interest, installment payment options extended

DENVER – Mayor Michael B. Hancock is taking additional measures to provide property tax relief to business and residential property owners. Governor Jared Polis’ Executive Order #D 2020 031 authorizes county treasurers to extend the waiver of interest on late payment of property taxes through April 30, 2020. The action also allows property owners who had previously chosen to pay property taxes all at once to pay in installments.

Effective immediately, Denver will:

  • Waive 100% of late payment interest through April 30, 2020 (original order was through April 20).
    • Property owners who have not yet paid the first installment of property taxes may now pay their first installment on or before April 30 with interest waived. The second installment is due June 15, 2020.
    • Property owners who intended to pay in full on April 30 may still do so or may now choose to pay in two installments. The first half is due April 30 and the remainder is due June 15, 2020.

Depending on the option selected, real property owners who do not pay either the first installment or their full property tax by April 30 will begin to accrue late interest at a 1% rate. Late payment interest for the second installment will not accrue until June 16, 2020.

Prior to the extension of the Governor’s Executive Order, Colorado property owners had two options for paying property taxes, with the following prescribed deadlines:

  • 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

“An unprecedented number of people and businesses have been impacted by the COVID-19 pandemic and we want to do all we can to relieve some of the intense financial pressure people are feeling,” Mayor Hancock said. “We are taking full advantage of this opportunity to provide a little more relief for people during this time, and we’re committed to working with our state partners to continue to support our community during this public health emergency.”

On March 16, 2020, the Mayor suspended the enforcement of evictions for both residents and businesses. There are a variety of programs available to residents and businesses to assist with financial hardships. A full list is available on denvergov.org by clicking on COVID-19 Information and selecting the Relief Support and Resources button. Resources include the Denver Property Tax Relief Program and the Temporary Rental and Utility Assistance program (TRUA). DHS is also helping residents access childcare assistance, food assistance, or Medicaid by personally delivering paperwork to the homes of residents who need to sign up for benefits but cannot access online applications.

For more information on the city’s COVID-19 response, visit denvergov.org.