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Denver offers property-tax installment option starting July 1; owners must own property outright to enroll
Summary
Councilor JB Torres notified council colleagues that Denver launched a property-tax installment option on July 1 allowing residential and business property owners who own their property outright to pay taxes in installments, with caveats.
Councilor JB Torres told colleagues at the July 15 meeting that the City and County of Denver launched a property-tax installment option that went into effect July 1 and applies to residential and business property owners who "own the property outright." Torres said the option can ease cash-flow pressure for people facing simultaneous property and income tax bills.
Torres said there are caveats to eligibility: owners must hold title outright to enroll. He urged residents who see news coverage about installment options in other counties to check Denver's program details and sign up if they qualify. The council member framed the announcement as informational; no ordinance or council action was requested during the meeting.
The mayor's office and the county treasurer's office will be the administering offices for the installment program; council members asked staff to share enrollment details with constituent offices. The meeting did not include specifics on payment schedules, interest or fees; those details were not specified during the briefing and would be provided by the treasurer's office upon request.
