HCR 25-1001

House Concurrent Resolution 25-1001, if approved by voters in the 2026 general election, would allow Colorado seniors or surviving spouses who have previously qualified for a property tax exemption on their primary residence since 2016 to claim this same exemption on any new primary residence they move to, regardless of how long they've lived there. Currently, only those who have owned and occupied their home for at least ten years are eligible for the exemption. The bill has been signed but needs voter approval before it can take effect.

Official 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.)

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