Read the full stored bill text
Req. No. 2530 Page 1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
STATE OF OKLAHOMA
2nd Session of the 60th Legislature (2026)
SENATE JOINT
RESOLUTION 30 By: Bergstrom
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 Oklahoma Constitution, which relates
to the limit on percentage of fair cash value of real
property; reducing the limit for certain tax years;
providing ballot title; and directing filing.
BE IT RESOLVED BY THE SENATE AND THE HOUSE OF REPRESENTATIVES 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
Oklahoma Constitution to read as follows:
Section 8B. Despite any provision to the contrary, on and after
January 1, 2013, the fair cash value of any parcel of locally
assessed real property shall not increase by more than five percent
(5%) in any taxable year for tax years 2013 through 2026 and three
percent (3%) for tax years 2027 and subsequent tax years; provided,
if such property qualified for a homestead exemption or is
Req. No. 2530 Page 2
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
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%) for tax years 2013 through 2026 and
two percent (2%) for tax year 2027 and subsequent tax years. 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. ____
Req. No. 2530 Page 3
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
THE GIST OF THE PROPOSITION IS AS FOLLOWS:
This measure amends Section 8B of Article 10 of the Oklahoma
Constitution, which limits the annual growth of the fair cash
value of real property to five percent and further limits the
growth to three percent for real property for which a homestead
exemption is granted and real property classified as
agricultural land. The measure would reduce those limits to
three percent and two percent, respectively.
SHALL THE PROPOSAL BE APPROVED?
FOR THE PROPOSAL — YES _____________
AGAINST THE PROPOSAL — NO _____________
SECTION 3. The President Pro Tempore of the Senate shall,
immediately after the passage of this resolution, 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.
60-2-2530 QD 1/12/2026 11:07:55 PM