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HJR1044 HFLR Page 1
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HOUSE OF REPRESENTATIVES - FLOOR VERSION
STATE OF OKLAHOMA
2nd Session of the 60th Legislature (2026)
HOUSE JOINT
RESOLUTION 1044 By: Lepak of the House
and
Bergstrom of the Senate
AS INTRODUCED
A Joint Resolution directing the Secretary of State
to refer to the people for their approval or
rejection a proposed amendment to Section 8B of
Article X of the Constitution of the State of
Oklahoma; decreasing the limitation of growth on the
fair cash value of a parcel that qualifies for a
homestead exemption or is classified as agricultural
land for ad valorem purposes; providing ballot title;
and directing filing.
BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES AND THE SENATE OF THE
2ND SESSION OF THE 60TH OKLAHOMA LEGISLATURE:
SECTION 1. The Secretary of State shall refer to the people for
their approval or rejection, as and in the manner provided by law,
the following proposed amendment to Section 8B of Article X of the
Constitution of the State of Oklahoma to read as follows:
Section 8B. Despite any provision to the contrary, on and after
January 1, 2013 2027, the fair cash value of any parcel of locally
assessed real property shall not increase by more than five percent
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(5%) in any taxable year; provided, if such property qualified for a
homestead exemption or is classified as agricultural land, any
increase to the fair cash value of such locally assessed real
property in a taxable year shall be limited to three percent (3%)
two percent (2%). The provisions of this section shall not apply in
any year when title to the property is transferred, changed, or
conveyed to another person or when improvements have been made to
the property. If title to the property is transferred, changed, or
conveyed to another person, the property shall be assessed for that
year based on the fair cash value as set forth in Section 8 of
Article X of this Constitution. If any improvements are made to the
property, the increased value to the property as a result of the
improvement shall be assessed for that year based on the fair cash
value as set forth in Section 8 of Article X of this Constitution.
The provisions of this section shall not apply to any personal
property which may be taxed ad valorem or any property which may be
valued or assessed by the State Board of Equalization.
The Legislature shall enact any laws necessary to implement the
provisions of this section.
SECTION 2. The Ballot Title for the proposed Constitutional
amendment as set forth in SECTION 1 of this resolution shall be in
the following form:
BALLOT TITLE
Legislative Referendum No. ____ State Question No. ____
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THE GIST OF THE PROPOSITION IS AS FOLLOWS:
This measure amends Section 8B of Article 10 of the Oklahoma
Constitution. This measure decreases the limit on the annual
increase of the fair cash value of certain real property for ad
valorem tax purposes. Currently in the Constitution, the fair
cash value of real property that is used for agricultural
purposes or that qualifies for a homestead exemption may not
increase by more than three percent (3%) each year. This
measure would reduce that annual increase to two percent (2%).
SHALL THE PROPOSAL BE APPROVED?
FOR THE PROPOSAL — YES _____________
AGAINST THE PROPOSAL — NO _____________
SECTION 3. The Chief Clerk of the House of Representatives,
immediately after the passage of this resolution, shall prepare and
file one copy thereof, including the Ballot Title set forth in
SECTION 2 hereof, with the Secretary of State and one copy with the
Attorney General.
COMMITTEE REPORT BY: COMMITTEE ON RULES, dated 03/05/2026 - DO PASS,
As Amended and Coauthored.