S.J.Res.17

Oklahoma SJR17 proposes constitutional amendments to change property tax assessment timing and limits on fair cash value growth.

Oklahoma SJR17 proposes amendments to Sections 8 and 8B of Article X of the Oklahoma Constitution. It changes the timing for establishing the fair cash value of real property to once every four years, beginning in tax year 2026. The bill also modifies the limit on the growth of fair cash value to five percent for real property and three percent for homestead exemption and agricultural land in any four-year period. The changes do not apply to personal property or property assessed by the State Board of Equalization.