CO HB1007

Increases the maximum property value exempt from property taxes for the 2023 tax year from $200,000 to $325,000 for owner-occupied primary residences under Colorado's homestead exemption program.

Applies the increased $325,000 exemption specifically to qualifying seniors, veterans with disabilities, and surviving spouses of veterans with disabilities for the 2023 property tax year only.

Reverts the exemption back to $200,000 for all subsequent property tax years beginning January 1, 2024, making the increase a one-year relief measure.

Amends Colorado Revised Statutes section 39-3-203 to modify existing homestead property tax exemption provisions with the temporary increase effective only for the 2023 tax year.

Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, or safety and for state appropriations.