Magnetic topological insulators are a fertile platform for studying the interplay between magnetism and topology. The unique electronic band structure can induce exotic transport and optical properties. However, a comprehensive optical study at both near-infrared and terahertz frequencies has been lacking. Here, we report magneto-optical effects from a heterostructure of a Cr-incorporated topological insulator, CBST. By measuring the magneto-optical Kerr effect, we observe a high temperature ferromagnetic transition (160 K) in the CBST film. We also use time-domain terahertz polarimetry to reveal a terahertz Faraday rotation of 1.5 mrad and a terahertz Kerr rotation of 3.6 mrad at 2 K. The calculated terahertz Hall conductance is 0.42 e2/h. Our work shows the optical responses of an artificially layered magnetic topological insulator, paving the way toward a high-temperature quantum anomalous Hall effect via heterostructure engineering.