Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.

HJR 31 proposes a constitutional amendment to exempt the entire market value of a primary residence from property tax for two groups: homeowners aged 72 or older who have held this exemption for at least 10 years, and surviving spouses (if they were 55 or older when their spouse died and the home remained their primary residence). The amendment requires the legislature to develop a plan to offset revenue losses for school districts and allows continued property tax collection on homes with existing debt pledges until those debts are paid. If approved by voters in May 2026, the exemption would take effect January 1, 2027. This change would directly affect elderly homeowners and surviving spouses meeting specific age and residency criteria.