Colorado § 38-41-201 Homestead exemption - definitions

Colorado Statutes

§ 38-41-201 — Homestead exemption - definitions

Colorado·Title 38 Property -·Art. Limitations - Homestead Exemptions

(1)Every homestead in the state is exempt from execution and attachment arising from any debt, contract, or civil obligation not exceeding in actual cash value in excess of any liens or encumbrances on the homesteaded property in existence at the time of any levy of execution thereon:

(a)The sum of two hundred fifty thousand dollars if the homestead is occupied as a home by an owner or an owner's family; or

(b)The sum of three hundred fifty thousand dollars if the homestead is occupied as a home by an owner who is elderly or disabled, an owner's spouse who is elderly or disabled, or an owner's dependent who is elderly or disabled.

(2)As used in this section, unless the context otherwise requires:

(a)Disabled means having a physical or mental impairment that is disabling an

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(1) Every homestead in the
state is exempt from execution and attachment arising from any debt, contract, or
civil obligation not exceeding in actual cash value in excess of any liens or
encumbrances on the homesteaded property in existence at the time of any levy of
execution thereon:

(a) The sum of two hundred fifty thousand dollars if the homestead is
occupied as a home by an owner or an owner's family; or

(b) The sum of three hundred fifty thousand dollars if the homestead is
occupied as a home by an owner who is elderly or disabled, an owner's spouse who
is elderly or disabled, or an owner's dependent who is elderly or disabled.

(2) As used in this section, unless the context otherwise requires:

(a) Disabled means having a physical or mental impairment that is
disabling and that, because of other factors such as age, training, experience, or
social setting, substantially precludes the person from engaging in a useful
occupation as a homemaker, a wage earner, or a self-employed person in any
employment that exists in the community and for which the person has
competence.

(b) Elderly means sixty years of age or older.

Colorado § 38-41-201 (Homestead exemption - definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: R.S. p. 385, � 57. G.L. � 1343. G.S. � 1631. R.S. 08: � 2950. C.L. � 5924. CSA: C. 93, � 23. L. 51: p. 522, � 1. CRS 53: � 77-3-1. C.R.S. 1963: � 77-3-1. L. 73: p. 916, � 2. L. 75: Entire section R&RE, p. 1444, � 1, effective July 14. L. 81: Entire section amended, p. 1828, � 1, effective May 21. L. 91: Entire section amended, p. 384, � 6, effective May 1. L. 2000: Entire section amended, p. 717, � 3, effective May 23. L. 2007: Entire section amended, p. 879, � 7, effective May 14. L. 2015: (1) amended, (SB 15-283), ch. 301, p. 1241, � 6, effective July 1. L. 2022: Entire section amended, (SB 22-086), ch. 74, p. 375, � 2, effective April 7.