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
1st Session of the 60th Legislature (2025)
HOUSE JOINT
RESOLUTION 1005 By: Eaves
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 8C of
Article X of the Constitution of the State of
Oklahoma; eliminating income threshold; providing for
occupancy requirement; providing exception;
restricting fair cash value of homestead for purposes
of eligibility; prescribing definition o f fair cash
value pursuant to Section 8B of Article X of the
Oklahoma Constitution; provid ing ballot title; and
directing filing.
BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES AND THE SENATE OF THE
1ST 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 8C of Article X of the
Constitution of the State of Oklahoma to read as follows:
Section 8C. A. Despite any provision to the contrary,
beginning January 1, 2005 2026, the fair cash value, as determined
by law, on each homestead of an individual head of household whose
gross household income from all sources for the preceding calendar
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
year did not exceed an amount as provided in subsection B of this
section, and which individual head of household who is sixty-five
(65) years of age or older who has occupied the property for a
period of at least ten (10) years prior to the first January 1 date
following the year during which the person attains the age of si xty-
five (65) years, shall not exceed the fair cash value placed upon
the property during the first year in which the individual head of
household was sixty-five (65) years of age or older and had gross
household income from all sources which did not exceed an amount as
provided in subsection B of this section . For purposes of this
section, absence from the homestead for a period not to exceed three
hundred sixty-five (365) days during any ten -year period shall not
disqualify the owner from eligibility. T he provisions of this
section shall only be applicable to a homestead with a fair cash
value of Five Hundred Thousand Dollars ($500,000.00) or less. For
purposes of this section, the fair cash value shall be determined in
the same manner as provided by Section 8B of Article X of the
Oklahoma Constitution. Subject to the limitations of this section,
the fair cash value shall not exceed such amount as long as the
individual head of household who is sixty -five (65) years of age or
older owns and occupies the property and as long as the gross
household income from all sources does not exceed an amount as
provided in subsection B of this section . If any improvements are
made to the property, the fair cash value of the improvements shall
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
be assessed in accordance with law by the county assessor and added
to the assessed value of the property. Once the fair cash value of
the improvements has been added to the fair cash valu e of the
property, the total fair cash value shall not exceed the revised
valuation of the property so long as the individual head of
household who is sixty -five (65) years of age or older owns and
occupies the property and so long as the gross household i ncome from
all sources does not exceed an amount as provided in subsection B of
this section. For any individual head of household who is sixty -
five (65) years of age or older prior to January 1, 1997, and has
gross household income from all sources of Tw enty-five Thousand
Dollars ($25,000.00) or less in calendar year 1996, the fair cash
value of the real property shall be the fair cash value placed upon
the property on January 1, 1997. If the individual head of
household ceases to own and occupy the prop erty or if the gross
household income from all sources exceeds an amount as provided in
subsection B of this section , the fair cash value of the property
shall be determined as if the provisions of Section 8 of Article X
of the Constitution of the State of Oklahoma or any other provisions
relating to a limitation on the fair cash value of local ly assessed
real property had been in effect during the time the property was
valued pursuant to the provisions of this section.
B. The income threshold for the gros s household income from all
sources for an individual head of household under this section shall
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
not exceed the amount determined by the United States Department of
Housing and Urban Development to be the estimated median income for
the preceding year for the county or metropolitan statistical area
which includes such county. The Oklahoma Tax Commission shall
provide such information to each county assessor each year as soon
as such information becomes available.
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. ____
THE GIST OF THE PROPOSITION IS AS FOLLOWS:
This measure amends Sec tion 8C of Article 10 of the Oklahoma
Constitution. Increases in fair cash value of homes teads
are limited for individual heads of household age sixty -five
(65) or older. The increase cannot exceed the fair cash
value of the property during the first yea r in which the
owner was age sixty-five (65) years of age or older. This
limit applies if the individual head of household meets both
the age requirement and an income limit determined by the
United States Department of Housing and Urban Development.
This measure would eliminate the income limit requirement.
The age limit would not change. The person would be
required to have occupied the homestead for ten (10) years.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
A person could be away from the homestead for a period not
to exceed three hundred si xty-five (365) days in a ten -year
period and still qualify. The limit on increases in fair
cash value of homestead property would only apply if the
fair cash value of the homestead is Five Hundred Thousand
Dollars ($500,000.00) or less. This value would be
determined the same way as it is determined for all other
purposes in the property tax system.
SHALL THE PROPOSAL BE APPROVED?
FOR THE PROPOSAL — YES _____________
AGAINST THE PROPOSAL — NO _____________
SECTION 3. The Chief Clerk of t he 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.
60-1-11332 AO 01/07/25