H.J.Res.1026

Oklahoma HJR1026 proposes a constitutional amendment to double the income limit for a homestead property tax exemption.

Oklahoma HJR1026 proposes a constitutional amendment to modify the income limit for a homestead property tax exemption. The amendment would allow individuals aged 65 and older to qualify for the exemption if their gross household income does not exceed double the median income for their county or metropolitan statistical area. This change aims to provide more property owners with the benefit of a reduced property tax assessment. The amendment would be put to a public vote.