Second home in Colorado, how hard to qualify for in state tuition?

[Anonymous]

Anonymous wrote:Sounds like it's not worth the trouble for the cost, for someone who has a second home in Telluride.

If you don't sever ties with your current state, that may be an issue. Would you sell your current home?

No we wouldn't. I guess I just don't see the big drawback, if we are retired at this point, to changing our primary residence and we would already be living about half the year in each state. Since we have owned the home for so long, a lot of the proof of domicile is already available (proof of address, utilities).

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sounds like it's not worth the trouble for the cost, for someone who has a second home in Telluride.

If you don't sever ties with your current state, that may be an issue. Would you sell your current home?

No we wouldn't. I guess I just don't see the big drawback, if we are retired at this point, to changing our primary residence and we would already be living about half the year in each state. Since we have owned the home for so long, a lot of the proof of domicile is already available (proof of address, utilities).

Change where you file your income tax. Retaining your former home may mean not severing ties to your old state. Presumably you would need to switch driver license and car registrations.

If you are doing it anyway, it can't hurt to try, but I wouldn't hold my breath.

Plus that's a lot of time to spend living in a mountain town. It's not exactly easy to get to a city from there, unlike, say, Breck.

[Anonymous]

The state income tax is the thing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sounds like it's not worth the trouble for the cost, for someone who has a second home in Telluride.

If you don't sever ties with your current state, that may be an issue. Would you sell your current home?

No we wouldn't. I guess I just don't see the big drawback, if we are retired at this point, to changing our primary residence and we would already be living about half the year in each state. Since we have owned the home for so long, a lot of the proof of domicile is already available (proof of address, utilities).

Change where you file your income tax. Retaining your former home may mean not severing ties to your old state. Presumably you would need to switch driver license and car registrations.

If you are doing it anyway, it can't hurt to try, but I wouldn't hold my breath.

Plus that's a lot of time to spend living in a mountain town. It's not exactly easy to get to a city from there, unlike, say, Breck.

We already spend about 10 weeks a year there and that's what we love about it. I would have no issue living there year round.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do you live in CO over 50% of the time and pay state income taxes there? Where are you registered to vote and what state issued the license plates on your car? If CO is not the answer to all of the above, you won't qualify.

Even the second year? I read that the student can apply themselves the second year and establish residency through voting, address and license plate, after living themselves 12 months with the intent to "stay" as a resident.
Our second house is in Telluride. Paying property taxes for 10+ years.

Put house in kids name and have them live there… no clue what that does for instate tuition but a win for your kid!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do you live in CO over 50% of the time and pay state income taxes there? Where are you registered to vote and what state issued the license plates on your car? If CO is not the answer to all of the above, you won't qualify.

Even the second year? I read that the student can apply themselves the second year and establish residency through voting, address and license plate, after living themselves 12 months with the intent to "stay" as a resident.
Our second house is in Telluride. Paying property taxes for 10+ years.

income taxes count- not property taxes. Property taxes are generally local not state wide.

[Anonymous]

Since your kid won't be going to HS there, doubt you will get in state.

[Anonymous]

I guess it doesn't hurt to try.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do you live in CO over 50% of the time and pay state income taxes there? Where are you registered to vote and what state issued the license plates on your car? If CO is not the answer to all of the above, you won't qualify.

Even the second year? I read that the student can apply themselves the second year and establish residency through voting, address and license plate, after living themselves 12 months with the intent to "stay" as a resident.
Our second house is in Telluride. Paying property taxes for 10+ years.

You, the parent need to pay income taxes in CO or declare the kid independent, meaning you don’t claim them as a dependent when filing taxes. Property taxes don’t make a difference because colleges are funded by the state, not localities, which is where property taxes go.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you live in CO over 50% of the time and pay state income taxes there? Where are you registered to vote and what state issued the license plates on your car? If CO is not the answer to all of the above, you won't qualify.

Even the second year? I read that the student can apply themselves the second year and establish residency through voting, address and license plate, after living themselves 12 months with the intent to "stay" as a resident.
Our second house is in Telluride. Paying property taxes for 10+ years.

You, the parent need to pay income taxes in CO or declare the kid independent, meaning you don’t claim them as a dependent when filing taxes. Property taxes don’t make a difference because colleges are funded by the state, not localities, which is where property taxes go.

It seems worth it to do that and claim them as a dependant. They will also be working part time through the summer and year.

[Anonymous]

Have your DC become legally emancipated from you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you live in CO over 50% of the time and pay state income taxes there? Where are you registered to vote and what state issued the license plates on your car? If CO is not the answer to all of the above, you won't qualify.

Even the second year? I read that the student can apply themselves the second year and establish residency through voting, address and license plate, after living themselves 12 months with the intent to "stay" as a resident.
Our second house is in Telluride. Paying property taxes for 10+ years.

You, the parent need to pay income taxes in CO or declare the kid independent, meaning you don’t claim them as a dependent when filing taxes. Property taxes don’t make a difference because colleges are funded by the state, not localities, which is where property taxes go.

It seems worth it to do that and claim them as a dependant. They will also be working part time through the summer and year.

Whatever you do check with the university beforehand and don’t lie. A felony isn’t worth it.

[Anonymous]

You need to not claim your kid on your income taxes the year before

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sounds like it's not worth the trouble for the cost, for someone who has a second home in Telluride.

If you don't sever ties with your current state, that may be an issue. Would you sell your current home?

No we wouldn't. I guess I just don't see the big drawback, if we are retired at this point, to changing our primary residence and we would already be living about half the year in each state. Since we have owned the home for so long, a lot of the proof of domicile is already available (proof of address, utilities).

You’ll probably want to move before attending:

No person may establish domicile in Colorado solely for the purpose of changing a student's classification for tuition purposes from nonresident to resident.

Absent clear and convincing evidence to the contrary, it is presumed that a student classified as a nonresident at the time of matriculation who seeks to establish Colorado domicile while registered at CU seeks Colorado domicile solely for tuition purposes, which is an unlawful purpose [Colorado Revised Statutes § 23-7-101-103(2)(e)].

[Anonymous]

OP why have you not phoned the financial dept of the college in CO and asked them? Surely that would be the best approach?