CO HCR1001

Submits a constitutional amendment to Colorado voters at the November 5, 2024 general election to expand the senior property tax exemption eligibility.

Allows seniors or surviving spouses who previously qualified for the exemption (50% of first $200,000 of actual value) for 2016 or any later year on a prior primary residence to claim the exemption on their current primary residence starting in 2025, without the current 10-year ownership and occupancy requirement.

Limits the new provision to property tax years commencing on or after January 1, 2025, and applies only to seniors who had previously received the exemption for a residential property they no longer occupy.

Requires 55% approval by voters for the amendment to become part of the Colorado Constitution.

Sponsored by Representatives DeGraaf and Luck; referred to the House Finance Committee.