Bill > HCR1001

This concurrent resolution proposes a constitutional amendment to expand property tax exemptions for seniors, which would be placed on the November 3, 2026 ballot. Currently, seniors who have owned and occupied their primary residence for 10 years can receive a 50% property tax exemption on the first $200,000 of the property's value. The proposed amendment would allow seniors who previously received this exemption for a property tax year starting in 2016 or later to claim the same exemption for their current primary residence, regardless of how long they have owned or occupied that new residence. If approved by at least 55% of voters, the amendment would become part of the state constitution, enabling more flexibility for seniors who may have moved or changed residences. Voters will be asked to vote "Yes/For" or "No/Against" this proposed constitutional change, with the specific language focusing on expanding eligibility for the senior property tax exemption.