property tax; primary residences; exemptions

HCR 2039 proposes amending Arizona's constitution to create a new property tax exemption for primary residences owned by eligible seniors. It would exempt the property of Arizona residents who are U.S. citizens, at least 65 years old, have lived in the state for three full tax years prior to claiming the exemption, and occupy the home as their primary residence. This exemption applies to tax years beginning after December 31, 2026, and requires no additional application beyond meeting the residency and age criteria. The bill does not change existing exemptions for veterans, widows, or disabled residents, as it specifically targets senior homeowners. As a constitutional amendment, it requires voter approval before implementation.