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HB 25-1156

Make Senior Home Tax Valuation Reduction Permanent

2025 Regular Session Introduced by Chris Kolker and 1 co-sponsor

Summary of HB 25-1156: Make Senior Home Tax Valuation Reduction Permanent Purpose and IntentHB 25-1156 seeks to make permanent a property tax reduction program for senior homeowner

House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed
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Bill Summary · HB 25-1156

Summary of HB 25-1156: Make Senior Home Tax Valuation Reduction Permanent

Purpose and Intent

HB 25-1156 seeks to make permanent a property tax reduction program for senior homeowners in the state. Currently, qualifying seniors can receive a reduction in the assessed value of their primary residence for property tax purposes. This bill would eliminate the current sunset date for this program, ensuring the property tax relief remains available indefinitely.

Key Provisions

  • Removes the existing expiration date of December 31, 2025 for the senior homestead property tax exemption
  • Continues to allow senior homeowners aged 65 or older who have lived in their home for at least 10 consecutive years to have 50% of the first $200,000 of their home's actual value exempted from property taxes
  • Maintains the current income eligibility limit of $65,000 per year for single seniors or $75,000 for senior couples
  • Does not change any other aspects of the existing senior homestead exemption program

Affected Parties

This bill would primarily benefit senior homeowners in the state who qualify for and utilize the senior homestead property tax exemption. It would provide ongoing financial relief by reducing the taxable value of their homes and the resulting property tax burden.

State and local governments that collect property tax revenues could see a modest, ongoing reduction in those revenues as a result of the permanent exemption. However, supporters argue the benefits to seniors outweigh the relatively small fiscal impact.

Timeline and Procedure

HB 25-1156 was introduced in the state House on January 29, 2025. It has been referred to the House Committee on Appropriations, where it currently remains with a status of "Lay Over Unamended - Amendment(s) Failed."

To become law, the bill would need to pass the House and Senate and be signed by the governor. If enacted, the provisions of HB 25-1156 would take effect immediately, making the senior homestead exemption a permanent program without an expiration date.

Compiled from official sources — confirm details with the bill’s official record.

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