HCR 1003

                           Second Regular Session
                        Seventy-fifth General Assembly
                           STATE OF COLORADO
                                                                          INTRODUCED
LLS NO. R26-0793.01 Jacob Bennington x2371  HCR26-1003
                            HOUSE SPONSORSHIP
 Garcia Sander,
                   SENATE SPONSORSHIP
 Pelton B. and Kirkmeyer,
 House Committees  Senate Committees
 Transportation, Housing & Local Government
                HOUSE CONCURRENT RESOLUTION 26-1003
101     SUBMITTING TO THE REGISTERED ELECTORS OF THE STATE OF
102COLORADO AN AMENDMENT TO THE COLORADO CONSTITUTION
103CONCERNING THE AUTHORIZATION FOR A COUNTY TO ALLOW AN
104EXEMPTION FROM PROPERTY TAX IMPOSED BY THE COUNTY TO
105THE OWNER-OCCUPIER OF SINGLE-FAMILY RESIDENTIAL REAL
106PROPERTY THAT IS OWNED OUTRIGHT BY THE OWNER-OCCUPIER
107OF THE RESIDENTIAL REAL PROPERTY.
                                     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/.)
          Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
       Capital letters or bold & italic numbers indicate new material to be added to existing law.
             Dashes through the words or numbers indicate deletions from existing law.
       If approved by the voters of the state at the 2026 general election,
the concurrent resolution authorizes a county to allow an exemption from
property tax imposed by the county to the owner-occupier of
single-family residential real property owned outright by the
owner-occupier without a mortgage.
1Be It Resolved by the House of Representatives of the Seventy-fifth
2 General Assembly of the State of Colorado, the Senate concurring herein:
3SECTION 1. At the election held on November 3, 2026, the
4 secretary of state shall submit to the registered electors of the state the
5 ballot title set forth in section 2 for the following amendment to the state
6 constitution:
7In the constitution of the state of Colorado, add section 3.7 to
8 article X as follows:
9Section 3.7. County authority to allow a property tax
10 exemption - residential real property owner-occupiers who own
11 property outright.
12(1)   FOR PROPERTY TAX YEARS COMMENCING ON OR AFTER
13 JANUARY 1, 2027, RESIDENTIAL REAL PROPERTY, AS DEFINED BY LAW,
14 THAT, AS OF THE ASSESSMENT DATE, IS OWNER-OCCUPIED AND IS USED AS
15 THE PRIMARY RESIDENCE OF THE OWNER-OCCUPIER IS EXEMPT FROM
16 PROPERTY TAX IMPOSED BY A COUNTY, THE REVENUE FROM WHICH WOULD
17 OTHERWISE BE RETAINED BY THE COUNTY, IF:
18(a)      THE PROPERTY IS A SINGLE-FAMILY RESIDENTIAL REAL
19 PROPERTY;
20(b)      THE OWNER-OCCUPIER OWNS THE PROPERTY OUTRIGHT,
21 WITHOUT A MORTGAGE; AND
22(c) THE PROPERTY IS LOCATED IN A COUNTY WHOSE BOARD OF
                                    -2-  HCR26-1003
1 COUNTY COMMISSIONERS HAS ADOPTED A RESOLUTION TO ALLOW THE
2 EXEMPTION DESCRIBED IN THIS SECTION.
3SECTION 2. Each elector voting at the election may cast a vote
4 either "Yes/For" or "No/Against" on the following ballot title: "Shall
5 there be an amendment to the Colorado constitution concerning the
6 authorization for a county to allow an exemption from property tax
7 imposed by the county to the owner-occupier of single-family residential
8 real property that is owned outright by the owner-occupier of the
9 residential real property?"
10SECTION 3. Except as otherwise provided in section 1-40-123,
11 Colorado Revised Statutes, if at least fifty-five percent of the electors
12 voting on the ballot title vote "Yes/For", then the amendment will become
13 part of the state constitution.
                                  -3-  HCR26-1003