E34A67041497444087258B03006CD3BB Hearing Summary

Representative Lieder and Young, co-prime sponsors, presented Senate Bill 24-111. They distributed a fiscal note memorandum (Attachment A). The bill reduces property tax assessed values for senior homeowners who previously qualified for the senior homestead exemption in 2016 or later years but have since moved, and provides a similar property tax benefit. The bill sponsors responded to questions from the committee.

Mr. Dennis Valentine, representing AARP, testified in support of the bill. Lindsay Neville, representing Boulder County Government, testified in support of the bill. Ms. JoAnn Groff, representing Department of Local Affairs Division of Property Taxation, testified in a neutral position on the bill. Mr. Keith Erffmeyer, representing the Colorado Assessor's Association, was available to answer committee questions.  Additional written testimony is included as Attachment A.

Members of the committee commented about their positions on the bill.