Senior Property Tax Exemption Portability
| Type | Resolution |
|---|---|
| Session | 2025 Regular Session |
| Subjects |
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.
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 2026 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.)
Prime Sponsors
Representative
Ken DeGraaf
Committees
House
Finance
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/27/2025 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Refer HCR25-1001 to the Committee on Appropriations. | The motion failed on a vote of 6-7. | Vote summary |
| Postpone HCR25-1001 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. | The motion passed on a vote of 7-6. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 02/24/2025 | House | House Committee on Finance Postpone Indefinitely |
| 01/27/2025 | House | Introduced In House - Assigned to Finance |