C.R.S. § 39-1-104.7

[Editor’s note: This section is effective only if a ballot issue is referred to and approved by the registered electors in accordance with section 24-77-202 , Colorado Revised Statutes. See the editor’s note following this section.] (1) As used in this section, unless the context otherwise requires: (a) “Owner-occupier” has the same meaning as set forth in section 39-1-104.6 (1)(a). (b) “Senior homestead exemption” means the property tax exemption for qualifying seniors allowed by section 39-3-203 (1). (2) Intentionally left blank —Ed. (a) For property tax years commencing on and after January 1, 2025, residential real property that as of the assessment date is used as the primary residence of an owner-occupier is classified as qualified-senior primary residence real property, which is a subclass of residential real property, if: (I) The real property would otherwise be classified as primary residence real property under section 39-1-104.6 ; and (II) The owner-occupier of the property previously qualified for the senior homestead exemption for a different property and does not qualify for the senior homestead exemption for the current property tax year. (b) Real property that might otherwise be classified as multi-family residential real property that contains a unit that qualifies as qualified-senior primary residence real property under this section is classified as multi-family qualified-senior primary residence real property.