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STATE OF OKLAHOMA
1st Session of the 60th Legislature (2025)
SENATE JOINT
RESOLUTION 3 By: Hamilton
AS INTRODUCED
A Joint Resolution directing the Secretary of State
to refer to the people for their approval or
rejection a proposed amendmen t to Section 8C of
Article X of the Oklahoma Constitution; modifying
limit on fair cash value of homestead to provide
exemption for the full amount of fair cash value for
seniors; providing ballot title; and directing
filing.
BE IT RESOLVED BY THE SENATE AND THE HOUSE OF REPRESENTATIVES OF THE
1ST SESSION OF THE 60TH OKLAHOMA LEGI SLATURE:
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
Oklahoma Constitution to read as follows:
Section 8C. A. Despite any provision to the contrary,
beginning January 1, 2005 , through December 31, 2025 , the fair cash
value, as determined by law, on ea ch homestead of an individual head
of household whose gross household income from all so urces for the
preceding calendar year did not exceed an amount as provided in
subsection B of this section, and which individual head of household
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is sixty-five (65) years of age or older, 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.
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 be assessed in acc ordance
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 value of the property, the total fair cash
value shall not exceed the revised valuation o f 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 income 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 ol der prior to
January 1, 1997, and has gross household income from all sources of
Twenty-five Thousand Dollars ($25,000.00) or less in calendar year
1996, the fair cash value of the real property shall be the fair
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cash value placed upon the property on January 1, 1997. If the
individual head of household ceases to own and occupy the property
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
locally 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 gross household income from all
sources for an individual head of household under subsection A of
this section shall 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 count y. The
Oklahoma Tax Commission shall provide such information to each
county assessor each year as soon as such information becomes
available.
C. Despite any provision to the contrary, beginning January 1,
2026, on each homestead of an individual head of household who is
sixty-five (65) years of age or older or who receives Social
Security retirement benefits shall be entitled to claim an exemption
for the full amount of the fair cash value of the homestead and
household personal property which is subject to ad valorem taxation .
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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 Section 8C of Article 10 of the Oklahoma
Constitution. The measure provides a full exemption from
property taxes on the homestead of an individual head of
household who is at least sixty -five years of age or who
receives Social Security retirement benefits.
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, includ ing the Ballot Title set forth in SECTION 2
hereof, with the Secretary of State and one copy with the Attorney
General.
60-1-402 QD 1/7/2025 4:23:43 PM