House Concurrent Resolution 25-1001
Page 1, Line 101Submitting to the registered electors of the state of
Page 1, Line 102Colorado an amendment to the Colorado constitution
Page 1, Line 103concerning the expansion of eligibility for the senior
Page 1, Line 104property tax exemption, and, in connection therewith,
Page 1, Line 105allowing a senior who received the exemption for 2016
Page 1, Line 106or any later year for a prior owner-occupied primary
Page 1, Line 107residence to claim the exemption for the senior's
Page 1, Line 108current owner-occupied primary residence regardless
Page 1, Line 109of how long the senior has owned and occupied that
Page 1, Line 110residence.
Resolution Summary
(Note: This summary applies to this resolution as introduced and does not reflect any amendments that may be subsequently adopted. If this resolution passes third reading in the house of introduction, a resolution summary that applies to the reengrossed version of this resolution will be available at http://leg.colorado.gov/.)
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.
Page 2, Line 1Be It Resolved by the House of Representatives of the Seventy-fifth General Assembly of the State of Colorado, the Senate concurring herein:
Page 2, Line 2SECTION 1. At the election held on November 3, 2026, the
Page 2, Line 3secretary of state shall submit to the registered electors of the state the
Page 2, Line 4ballot title set forth in section 2 for the following amendment to the state constitution:
Page 2, Line 5In the constitution of the state of Colorado, section 3.5 of article X, amend (1) introductory portion; and add (1)(a.5) as follows:
Page 2, Line 6Section 3.5. Homestead exemption for qualifying senior
Page 2, Line 7citizens, disabled veterans, and surviving spouses receiving
Page 2, Line 8dependency indemnity compensation - definition. (1) For property tax
Page 2, Line 9years commencing on or after January 1, 2002, fifty percent of the first
Page 2, Line 10two hundred thousand dollars of actual value of residential real property,
Page 2, Line 11as defined by law, that, as of the assessment date, is owner-occupied and
Page 2, Line 12is used as the primary residence of the owner-occupier
shall bePage 2, Line 13(a.5) For property tax years commencing on or after
Page 3, Line 1January 1, 2027, only, the owner-occupier had received an
Page 3, Line 2exemption pursuant to subsection (1)(a) or (1)(b) of this section
Page 3, Line 3or this subsection (1)(a.5), for any property tax year commencing
Page 3, Line 4on or after January 1, 2016, for residential real property that
Page 3, Line 5the owner-occupier thereafter ceased occupying, for any period, as the owner-occupier's primary residence;
Page 3, Line 6SECTION 2. Each elector voting at the election may cast a vote
Page 3, Line 7either "Yes/For" or "No/Against" on the following ballot title: "Shall
Page 3, Line 8there be an amendment to the Colorado constitution concerning the
Page 3, Line 9expansion of eligibility for the senior property tax exemption, and, in
Page 3, Line 10connection therewith, allowing a senior who received the exemption for
Page 3, Line 112016 or any later year for a prior owner-occupied primary residence to
Page 3, Line 12claim the exemption for the senior's current owner-occupied primary
Page 3, Line 13residence regardless of how long the senior has owned and occupied that residence?"
Page 3, Line 14SECTION 3. Except as otherwise provided in section 1-40-123,
Page 3, Line 15Colorado Revised Statutes, if at least fifty-five percent of the electors
Page 3, Line 16voting on the ballot title vote "Yes/For", then the amendment will become part of the state constitution.