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HCR24-1001

Senior Property Tax Exemption Portability

Submitting to the registered electors of the state of Colorado an amendment to the Colorado constitution concerning the expansion of eligibility for the senior property tax exemption, and, in connection therewith, allowing a senior who received the exemption for 2016 or any later year for a prior owner-occupied primary residence to claim the exemption for the senior's current owner-occupied primary residence regardless of how long the senior has owned and occupied that residence.
Session:
2024 Regular Session
Subjects:
Fiscal Policy & Taxes
Local Government
Bill Summary

The state constitution currently only allows a senior who has owned and occupied the senior's primary residence for 10 years, or the surviving spouse of such a senior, to claim a property tax exemption for 50% of the first $200,000 of actual value of the primary residence (exemption). If approved by the voters of the state at the 2024 general election, the concurrent resolution will allow a senior, or the surviving spouse of such a senior, who has previously qualified for the exemption for 2016 or any later year for a prior primary residence to claim the exemption for the senior's current owner-occupied primary residence regardless of how long the senior has owned and occupied that residence.


(Note: This summary applies to this concurrent resolution as introduced.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. K. DeGraaf, Rep. S. Luck

Sponsor

Co-sponsor

Upcoming Schedule

Apr
22
Monday

Finance

1:30 pm  |  HCR 0112

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