SCR 22-002

  • Colorado Senate Bill
  • 2022 Regular Session
  • Introduced in Senate Apr 11, 2022
  • Senate
  • House
  • Governor

Homestead Property Tax Exemption Expansion


There is currently a property tax exemption for an owner-occupied residence of a qualifying senior or veteran with a disability (homestead exemption) that is equal to 50% of the first $200,000 of the actual value of the property. For property tax years commencing on or after January 1, 2023, the concurrent resolution: Increases the maximum amount of actual value of the owner-occupied residence of a qualifying senior or veteran with a disability that is exempt from property taxation from $200,000 to $300,000 for the 2023 property tax year and to $300,000 plus cumulative inflation for each property tax year thereafter; and Makes the homestead exemption portable by allowing a senior who qualifies for the exemption to move and continue to claim the exemption without meeting the 10-year ownership and occupancy requirement, so long as the senior has continuously owned residential real property since qualifying for the exemption. The concurrent resolution also makes a conforming amendment so that the change in the actual value of which 50% is exempt does not affect the general assembly's ability to raise or lower this amount. (Note: This summary applies to this concurrent resolution as introduced.)

Bill Sponsors (2)


No votes to display


Apr 26, 2022


Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely

State, Veterans, & Military Affairs

Apr 11, 2022


Introduced In Senate - Assigned to State, Veterans, & Military Affairs

  • Introduction
State, Veterans, & Military Affairs

Bill Text

Bill Text Versions Format
Introduced (04/11/2022) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (04/22/2022) PDF
Fiscal Note FN2 (08/31/2022) PDF


Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.