HJR 1026 Oklahoma House · 2025 Regular Session

Oklahoma Constitution; ad valorem; fair cash value for homestead exemption; ballot title; filing.

HJR 1026 proposes a constitutional amendment to adjust Oklahoma's homestead property tax exemption for seniors aged 65 or older. Currently, the income limit for qualifying is based on the median income for the homeowner's county; the amendment would change this to three times the median income for the entire state. This would increase eligibility for the tax benefit, which freezes property tax valuations at the level when the homeowner turned 65 (or January 1, 1997, for those already 65 before that date). The amendment requires voter approval to take effect.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Feb 4, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Proposed Committee Substitute (full committee) 1 · 2 edits

MINOR

This bill was amended to change the income threshold for property tax relief for seniors from double to triple the median income, significantly expanding eligibility. The amendment also updated the bill's title and page numbers to reflect the committee substitute version.

Scope change

The bill's scope expanded to include more homeowners by increasing the income limit for qualifying for property tax relief.

ELIGIBILITY

Changed the income threshold for property tax relief from double to triple the median income determined by HUD, making more senior homeowners eligible for the benefit.

TECHNICAL

Updated document title from 'AS INTRODUCED' to 'PROPOSED COMMITTEE SUBSTITUTE' and changed page number from 11070 to 12602.

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Full legislative history

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Committee

Feb 3, 2025

Introduced

First Reading

lower

1 primary · 0 co-sponsors