H.J.Res.1082

Oklahoma HJR1082 proposes a partial exemption from ad valorem taxation for veterans' homesteads based on their disability ratings.

Oklahoma HJR1082 proposes an amendment to the state constitution to provide partial exemptions from ad valorem taxation for veterans' homesteads. The exemption amount varies based on the veteran's service-connected disability rating. Veterans with a rating of 10% to 29% would receive a $5,000 exemption, those with a rating of 30% to 49% would receive a $7,500 exemption, and those with a rating of 50% to 69% would receive a $10,000 exemption. Veterans with a rating of 70% to 99% would receive a $12,000 exemption.